Berlin-based EMnify raised 50 million euros to expand cellular connectivity in the Internet of thin

Berlin-based EMnify raised 50 million euros to expand cellular connectivity in the Internet of things stack With its cloud-based platform for cellular connectivity in the IoT stack EMnify has just secured a €50 million investment from One Peak. Founded in 2014 the Berlin-based company is a leading cloud building block for cellular communications in the IoT stack with plans to add an additional 10 cloud regions in 2022. Securing this new funding brings the total funding raised by the disruptive software company to €70 million – an impressive total thanks to both its innovative tech and customer-centric approach. With over 110 full-time IoT experts reporting a 77% revenue growth from 2016-2021. The EMnify API and SIM technologies connect and secure any kind of IoT deployment to its application back-end. Its cloud-native integrations and no-code workflows ensure seamless lifecycle scalability for deployments of all sizes – from local startups to global enterprises. The EMnify IoT Supernetwork is hailed as the single biggest independent IoT network of its kind which already represents 20% of its global customer base and 30% of its revenue. Market expansion will be accompanied by further developing and optimizing the company’s proprietary tech. In addition EMnify has come a long way in a short period of time and is perfectly positioned to use this capital and accelerate our market expansion and product development globally. connecting millions of IoT devices globally – from electric vehicles and energy meters to GPS trackers and health wearables. EMnify develops and operates a mobile core network infrastructure as a native cloud service the company received €8 million in its Series A funding and has seen massive growth in the past couple of years