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.
“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.