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Finnish IoT Startup Wirepas Raises Additional 1.5 Mln Eur

Finnish IoT connection provider Wirepas has raised an additional 1.5 million euros in Series A funding from Vito Ventures and Inventure to extend its global presence further, strengthening R&D and building brand awareness.

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“We are very excited to back Wirepas’ outstanding team. We are convinced, that the company’s singular technology has the potential to be one of the key enablers in a world of smart and connected things,“ Benedikt Herles, Managing Partner of Vito Ventures, said in a statement.

Wirepas is focused on providing the reliable, optimized, scalable and simple to use connectivity for large-scale IoT applications. It has its headquarters in Tampere, Finland and offices in Brazil, France and the United States.

“Wirepas has a unique connectivity solution for large-scale IoT applications. It has the potential to become the market leader in large-scale device connectivity. Our target is to connect one billion devices for good before the end of 2022,” said Wirepas CEO Teppo Hemiä.

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Tarmo Virki
Tarmo Virki
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