iWire raises $34 million in Series A funding round

Funding Startups Technology

iWire, a UAE-based Internet of Things (IoT) startup, has raised a $34 million Series A funding round, led by Noor Capital, with participation from Bpifrance.

Ahmed Fasih Akhtar, CEO of iWire, remarked “At iWire, we offer to our customers, an alternative to legacy connectivity solutions, which enables successful digital transformation at a lower cost of ownership. Our solutions contribute to our customers’ business efficiencies as well as their satisfaction. This investment is only the beginning of our journey and a great sign that we are on the right track. We are proud to have the trust of such an investor and we will continue expanding our network and our products to transform the digital infrastructure in the region.”

Jeremy Prince, CEO of Sigfox, added “Companies and organizations across the world are embracing IoT and 0G to transform the way they operate. We are thrilled to have a great company like iWire amongst our incredible community of Sigfox Operators. Our unique international network already allows customers to benefit from 0G in a seamless way in 72+ countries. The new markets iWire is adding offer tremendous potential and we look forward to a very successful collaboration.”

The funds will enable iWire to accelerate its development and enter new markets over the coming years, and expand its geographic presence across 12 countries, by building the digital communication infrastructure to power massive IoT.

Lost Password