Tampere-based Wirepas raises €14.4 million to build IIoT and IoT connectivity on a massive scale
Summary
Over the last three years the company has built an ecosystem of semiconductor, module partners, OEMs and System Integrators to serve end users around the globe, resulting in the shipment of millions of Wirepas enabled devices. Today, Wirepas Mesh is being used to connect smart meters, lights and other assets in supply chain and logistics to reliably deliver the data needed by enterprises to boost their competitiveness and sustainability. The startup has recently signed clients including Prologis, Maersk and Fujitsu, adding to Wirepas’ existing customer base of over 100 companies and offering further proof of the competitive advantage of Wirepas Mesh. “We were convinced that Wirepas technology is a key enabler for Industrial IoT adoption especially in use cases where massive, cost efficient scaling is required,” said Juha Lehtola, Director of Tesi Venture Capital. “A number of global blue-chip customers are currently adopting the Wirepas mesh technology, which alongside economic benefits also drives positive environmental impact and resource efficiency and thereby supports our responsible investment principles.