(L-R) Unabiz CCO Loic Barancourt, CTO Alexis Susset, co-founders Philippe Chiu and Henri Bong, and COO Rémi François
Singapore-based UnaBiz, a provider of customised IoT solutions, has announced the first close of its US$25 million pre-series C funding round with Japan’s KDDI Open Innovation Fund 3 and KYOCERA Communication Systems.
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The fresh funds will be used to partner with new companies in the security industry, deepen logistics and supply chain market penetration, and expand utility with hybridisation.
This capital injection follows UnaBiz’s acquisition and integration of French IoT firm Sigfox 0G technology. In two years, UnaBiz added 4 million new devices to the global 0G Network.
“Since the acquisition of Sigfox 0G technology, we have unleashed its full potential by opening up the tech and unlocking fresh opportunities for IoT deployments and applications across the entire LPWAN ecosystem. Today, we are one of the largest aggregators of Massive IoT solutions globally, with 13.5 million devices connected, of which four million were added in the last 24 months alone,” UnaBiz CEO and co-founder Henri Bong said:
Launched in 2016 by Bong, UnaBiz aims to provide scalable, energy-efficient IoT solutions for firms in critical verticals, such as aerospace, facilities management, F&B, healthcare, logistics, supply chain and smart cities.
UnaBiz claims to have connected one million security devices over the past year. It is now investing in partnerships with major automobile and motorbike manufacturers to scale its telemetry and anti-jamming services globally.
It counts Nippon Gas (Japan), Shin Kong Communications(Taiwan), and UEMS (Singapore) among its clients.
The company has sales offices in Tokyo, Paris, Madrid, and Rotterdam and two R&D centres in Taipei and Labège.
Also read: How to firm up your IoT strategy to combat online risks
Kazuhiko Chuman, General Manager of KDDI Corporation’s Open Innovation Division, said: “UnaBiz has been at the forefront of expanding the Sigfox 0G Network business, contributing significantly to the creation of an IoT business ecosystem. Today, UnaBiz is an indispensable presence across various industries, earning the trust of numerous customers and partners both domestically and internationally. Through our collaboration with UnaBiz, KDDI will continue to drive further growth in the IoT market.”
The firm expects to hold a final close by October 2024.
In 2022, UnaBiz secured an undisclosed sum in fresh funding led by Japan’s SPARX Group, with participation from G K Goh Holdings and Optimal Investment. Earlier, it bagged over US$25 million in an oversubscribed Series B round led by SPARX Group through its US$700 million Mirai Creation Fund II.
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Image Credit: UnaBiz.
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