I Squared Capital’s Global InfraTech Fund invests in IoT company 1NCE
Summary
The investment is through I Squared Capital’s Global InfraTech Fund, which targets innovative growth-stage companies applying transformative technologies, like IoT, to key sectors, including transportation and logistics, the energy transition, and digital infrastructure. View the full release here: https://www.businesswire.com/news/home/20220125005206/en/ 1NCE previously announced investments from SoftBank and Deutsche Telekom, among others. “We’re excited to work with Alex Sator, Ivo Rook, and the rest of the rapidly-growing 1NCE team on their next stage of development.” In addition to the recently announced opening of its new North American headquarters in Miami, 1NCE is targeting the expansion of its footprint to more than 140 countries in 2022 (up from 104 today) and increasing the number of Tier-1 wireless operators in its global network by 25 percent. The company’s next phase of product expansion centers on intelligent software connectivity and over-the-top (OTT) services that enable customers to develop and manage IoT solutions on the 1NCE platform. “1NCE and I Squared have an excellent partnership based on our joint ambition to reshape the future of digital infrastructure,” said Alexander P. Sator, Chief Executive Officer at 1NCE.