HomeFundingBerlin-based IoT startup EMnify raises €8 million Series A round

Berlin-based IoT startup EMnify raises €8 million Series A round

Berlin–based EMnify is a Software-as-a-Service (SaaS) company with the aim of revolutionising the mobile Internet of Things (IoT). The startup has now raised €8 million in Series A funding, mostly from existing shareholders, bringing the total raised by the startup to €20 million since it was founded in 2014.

EMnify develops and operates a mobile core network infrastructure as a native cloud service, enabling connectivity in a secure, reliable and scalable way. EMnify is available in more than 180 countries worldwide, and has more than 1,000 customers across a wide range of industries that use its technology to create connected business models and for IoT applications.

The current funding will support EMnify’s international sales and marketing expansion activities as part of the global roll out of its cloud native cellular connectivity integration with Amazon AWS, Microsoft Azure and Google Compute Engine, among others. More details will be announced at the IoT Solutions World Congress in Barcelona October 29-31.

“EMnify is experiencing very strong growth and with the fresh capital we want to accelerate this trend by taking the necessary investments to further expand our sales and marketing activities to execute our go-to-market strategy,” said Frank Stöcker, CEO and co-founder of EMnify.

“This new financing round demonstrates the confidence investors have in the EMnify team and business model,” said EMnify Chairman of the Board Lars Singbartl. “Most of the investors themselves are in the technology sector. They recognised EMnify’s great potential early on and are now enabling further scaling with their investment.”

- Advertisement -
Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

Most Popular