Ayla Networks Raises $14.5M in Series B Funding
Internet of Things platform provider Ayla Networks recently closed a $14.5 million Series B funding round led by Cisco, International Finance Corporation, Linear Venture, SAIF Partners, SJF Ventures and existing investors Crosslink Capital and Voyager Capital. This follows on from a $5.4 million Series Around in June of last year.
Ayla’s business platform includes cloud services, mobile apps, and software that is embedded directly in objects to tie them into the network. Put it all together and you have what the company has coined the “Agile Internet of Things” -- a flexible system for making connections on the large scale.
"Ayla’s mission is to provide the world with the first truly agile platform for the Internet of Things," the company wrote in a statement. "The proliferation of technologies and standards is creating challenges for manufacturers hoping to enter the market. Ayla achieves its high degree of flexibility through a seamless fabric of interconnected elements, including embedded agents for devices, cloud-based back-end infrastructure and services, and intelligent application libraries."
A chunk of the new cash infusion will go towards expanding Ayla’s operations in China. Sina, the world’s largest Chinese-language website, picked Ayla’s platform for connecting to consumer devices last year. Ayla and its new investors expect to capitalize on similar opportunities elsewhere in the developing world.