The investment will allow Actility to accelerate its go-to-market strategy for ThingPark, its open standard IoT network solution; funding its operational resources, building a high level of service and continuing to develop technology partnerships to foster a healthy ecosystem.

“Today’s wireless technologies are not optimized for IoT applications which require sensors to be low power and able to run on a battery with very little maintenance. ThingPark provides the technology to connect both long range and low power sensors over unlicensed ISM band spectrum, allowing low cost and fast roll-out of IoT networks for a wide range of IoT applications,” said Olivier Hersent, Founder, CEO and CTO, Actility.

“We are delighted to have secured the backing of such prominent communications industry leaders.”

“Foxconn Group is transforming to be a High Technology Solution Provider, including Hardware and Software Value creation. Through this strategic investment, we will expand our current collaboration with Actility to bring its LoRaWAN technology and IoT Platform and Solutions to Taiwan, China, and the rest of Asia," said Fang Ming Lu, Executive Vice President of Foxconn.

“We will leverage our strong network to accelerate the development of the IoT ecosystem, as well as promote and integrate Actility’s IoT Solutions for Smart Cities implementation in APAC."

Jasper Snijder, SVP New Business at KPN, said:“As a founding member of the LoRa alliance, we’re proud to partner with Actility and contribute to the development of the Internet-of-Things – the next big thing in the digital landscape.”

Pierre Louette, Orange’s Deputy CEO who is also responsible for Orange Digital Ventures said: “Actility’s connected objects platform is based on bringing together its open service approach with the power of networks. This clearly corresponds to the ambition of Orange Digital Ventures to invest in actors that are developing innovative digital services that contribute to change our customers experience and answer the changing desires and needs of our customers. The Internet of Things is an extremely promising new market and it is important for Orange to support the start-ups and developers who are currently working on services that will become part of our future.”

Jean-Paul de Weck, CEO Swisscom Broadcast: “This is a technology that comes at the right time for operators to accelerate the connection of objects. There is set to be a huge increase in the demand for IoT and we see Actility as a key partner as we expand our activities in this market.”