Ayla Networks, the global provider of Internet of Things (IoT) platform-as-a-service (PaaS), has announced that it has raised USD 60 million in Series D financing led by Run Liang Tai Fund (RLT) and Sunsea Telecommunications Co. Ltd., the company said.
The funding will be used to further expand Ayla´s product capabilities to help large enterprises extract IoT data and transform it into business intelligence, and to expand its ecosystem network of partners and application providers.
As part of the funding round, Ayla is partnering with Sunsea Telecommunications, a public company serving the Chinese telecommunications market, to much more aggressively build out its presence in the rapidly expanding Chinese IoT market. Ayla and Sunsea IoT, a subsidiary of Sunsea Telecommunications are forming a joint venture, named Ayla Sunsea, that will sell and deliver Ayla´s offerings to customers with headquarters in China.
Ayla Networks empowers manufacturers by simplifying the inherent complexity of the Internet of Things (IoT), enabling them to turn their products into smart connected systems and transform their businesses to compete in the game-changing world of connectivity. Delivered as a cloud platform-as-a-service (PaaS), Ayla´s IoT platform provides the flexibility and modularity to enable rapid changes to practically any type of device, cloud or app environment. For more information, visit www.aylanetworks.com.