Actility, an Industrial IoT startup, has raised $17.3 million, signaling its strategic move to fortify and expand its footprint in the market.
This latest funding injection will play a pivotal role in advancing Actility’s strategic objectives for expansion and consolidation. The company earmarks the funds for the refinement of existing products, development of innovative solutions, and the fortification of its market presence through strategic partnerships and acquisitions.
At the core of Actility’s expertise lies its provision of cutting-edge IoT solutions tailored for industrial applications, facilitating seamless remote connectivity and management of devices and assets for businesses. Leveraging its technology, the company empowers real-time monitoring, data analysis, and automation, providing businesses with enhanced operational efficiency and control. With the widespread integration of IoT in various industries, Actility aims to capitalize on this burgeoning market, positioning itself as a frontrunner in the realm of industrial IoT solutions.