Singapore, Oct. 13, 2021: UnaBiz, Singapore-based massive Internet of Things (IoT) service provider, has raised over US$25 million in its Series B funding round led by SPARX Group. The round was oversubscribed, with participation from CDIB, G K Goh and Thaioil.
In 2018, UnaBiz raised over USD10 million in its Series A funding round to establish itself as a recognised, tech-agnostic and delivery-focused IoT service provider.
The company said the fresh funds will be used to strengthen the scaleup’s foothold in strategic regions such as Japan, South-East Asia and EMEA via local offices and M&A operations, and to sustain the growth trajectory of UnaConnect, the company’s latest data platform offering that aims to bridge the glaring gap between fragmented IoT data collection technologies and enterprise systems.
“Our vision is to accelerate corporate digital transformation with optimised end-to-end solutions which include hardware, software and connectivity. We look forward to growing our team in each area and working with vertical experts to champion a unified Low-Power Wide-Area Network (LPWAN) world,” said Henri Bong, Co-Founder and CEO of UnaBiz in a written statement. “The IoT industry has become too fragmented and it is our mission to simplify it and eradicate frictions to truly enable massive IoT, from 0G to 5G.”
Image credit: Unabiz