Tampere-based Wirepas raises €20.7 million to build low-cost wireless IoT connectivity for global enterprises
Summary
Wirepas, a company building scalable fail-proof IoT networks, has raised €20.7 million in a round led by Highland Europe, to bring the wireless connectivity revolution to even more enterprises worldwide. Underpinned by almost 100 patents in wireless technology, Wirepas solves the scalability, reliability and sustainability issues that have been holding Massive IoT back from its full, society-changing potential. Teppo Hemiä, Wirepas CEO, said: “The dream of IoT – devices that communicate with each other to automate processes and collect usable data – has had huge appeal for a long time. Wirepas finally makes massive IoT’s promise a reality by bringing a radical and revolutionary approach to unlock its full potential. By making small hops between devices rather than returning signals to a far-away central hub, Wirepas’ networks use minimal amounts of the wireless spectrum without sacrificing results.