Expeto, a Vancouver, BC-based company that simplifies enterprise networking over private and public mobile networks, raised $12M in Series B funding.
The round was led by Sorenson Capital with participation from Evok Innovations, Lavrock Ventures, Mistral Venture Partners, 5G Open Innovation Lab and Samsung Next.
The company intends to use the funds to accelerate innovation and expand go-to-market programs.
Led by CEO Michael Anderson, Expeto makes it easy for enterprises to extend private networks via any type of cellular connectivity and continue to operate just one mobile network that devices and people can move seamlessly across. The company goes to market via MNOs and network vendor partners as well as direct, powering networking use cases for large, multi-site, mission-critical businesses in industries that include utilities, mining, connected vehicles, agriculture, healthcare, logistics, and manufacturing.
This solution is live, powering mission critical enterprise private wireless networks, including for Agnico Eagle, which operates Canada’s second-largest gold producing mine.
The company is based in Vancouver, Canada with U.S. headquarters in Portland, Oregon, and research and development offices in San Francisco and Luxembourg.
FinSMEs
07/12/2022