Sunday, June 26, 2016

Ayla Networks Raises $39 Million for IoT Platform

Ayla Networks, a start-up based in Santa Clara, California, announced $39 million in Series C funding to propelling its global Internet of Things (IoT) platform for manufacturers.

Ayla's end-to-end software, which is offered as a Platform-as-a-Service, runs across devices, the cloud, and applications to provide secure connectivity, data analytics, and feature-rich user experiences for our customers as well as the end consumer. The company has now established IoT clouds in North America, China and Europe.

The company said its IoT platform is gaining traction with manufacturers in many markets, including home appliances, residential and commercial HVAC (heating, ventilation, air conditioning) systems, water heaters, water softeners, and home fire and safety products. During the past year, the company has announced new or expanded relationships with manufacturing customers that include Changhong, Dimplex, Fujitsu General, Hampton Brinks, Hunter Fan, Kidde, LockState, Ozner, TCL and United Technologies Electronic Controls (UTEC).

The Series C financing round was led by Ants Capital, a boutique investment bank based in China, and co-led 3NOD, a leading original design manufacturer (ODM) of smart lifestyle products; and joined by new investors Mitsui and Acorn Pacific. Existing Ayla investors Cisco Investments, Crosslink Capital, International Finance Corp. (IFC, a division of World Bank Group), Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital also reinvested in this financing round.


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