Singapore-based smart city IoT solutions provider iSense Global has received an undisclosed strategic investment from DNAKE (Xiamen) Intelligent Technology, a publicly listed Chinese corporation specialising in smart intercom and building automation.
Under this agreement, the two companies have allied to strengthen iSense’s regional expansion strategy and underpin its ambitious long-term objective of achieving a Nasdaq listing within the next five years.
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iSense, which has active initiatives progressing in the Philippines and Vietnam, will further expand into Indonesia, Australia, Europe, and the US. The Southeast Asian smart city market is projected to triple in valuation from US$49.1 billion in 2024 to US$145.8 billion by 2033.
iSense seeks to transform urban infrastructure through cutting-edge IoT solutions. Its platforms deliver actionable insights that enhance energy efficiency, public safety, and city operations. iSense is the primary technology provider for Singapore’s Housing & Development Board (HDB) Smart Lighting Programme.
The firm said it has over 80 per cent market share in the HDB smart lighting network. It claims to have delivered up to 70 per cent energy savings in parks and achieved over 50 per cent savings in public housing estates. Individual IoT deployments managed by iSense can reach over one million connected devices, with valuations reaching hundreds of millions of US dollars.
It will leverage its domestic success to expand its international footprint rapidly. Flagship projects are already underway across Asia, including the Bangkok Metropolitan Administration (BMA) Smart City Lighting Project in Thailand. The company has also secured citywide smart lighting contracts in Koriyama City and Mito City, Japan, and manages nationwide highway networks in Malaysia.
The alliance with DNAKE extends significantly beyond mere capital investment, focusing on fundamental operational integration. iSense will transition its manufacturing processes away from third-party suppliers and utilise DNAKE’s facilities. This move will yield key strategic benefits, including enhanced quality control, greater cost efficiency, and faster scaling.
Furthermore, the two entities are set to co-develop advanced IoT solutions. These initiatives will combine DNAKE’s established expertise in hardware and automation with iSense’s proven track record in massive IoT deployments and AI-driven analytics. The combined development pipeline targets high-growth sectors such as healthcare, city-scale monitoring, security, and access control.
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Christopher Lee, CEO of iSense Global, said, “Partnering with DNAKE is a game-changer for iSense. Their manufacturing expertise and public market experience empower us to scale faster, expand internationally, and take on larger, more complex projects. Together, we will accelerate smart city innovation at a global scale”.
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