Internet of Things Startup OrbiWise raises funds from key investors
By Majunke on September 23, 2016
OrbiWise, a leading provider of infrastructure solutions for Internet of Things (IoT), recently announced the closing of its angel round. Private investors from the online business angel platform investiere.ch contributed a large 6-digit amount. A strategic investor from the security space also participated in this round as well as a family office, Fongit and Geneva-based “Fondation d’aide aux entreprises”. Furthermore, OrbiWise recently received a loan guarantee from the Swiss Technology Fund which enable the company to access loan capital.
Orbiwise provides a software and communication solution that allows numerous actors to enter the Internet of Things market. Over 25 billion objects will be connected to the internet by 2020 and existing communication systems are too expensive and power-hungry to support this coming wave of connected devices. To enable the true mass market potential of the Internet of Things, Orbiwise has developed a cloud-based radio communication platform for long distance and low power wireless networks for connected devices. There are countless possible applications including smart metering, object tracking and automated precision agriculture.
OrbiWise already has already won a number of European clients and was selected by Tata Communications to supply the software solution for Tata’s nationwide Indian Low Power Wide Area Network. In a first step, it will cover Mumbai, Delhi and Bangalore, before eventually being deployed across India. Tata’s initiative will mark the largest deployment of “Low Power Wide Area”-technology to date. In the first phase, Tata will utilize this technology to power IoT applications such as smart metering, lighting, parking and various sensors. Tata Communications is a leading global provider of communications services to multinational enterprises and service providers. The company owns and operates the world’s largest and most advanced subsea fibre cable network, including the only wholly-owned fibre ring around the world. Over 24% of the world’s internet routes travel over Tata Communications’ network.
Orbiwise and the Irish startup Davra Networks also recently won contracts to work with the Connect Centre at Trinity College Dublin to roll out its internet of things (IoT) network across Ireland.