Wirepas Raises €4.5M ($5.06M) Round


Sep 15 2016

The Finland based company provides a hardware-independent radio communications protocol:

"Wirepas Connectivity is a de-centralized radio communications protocol that can be used in any device, with any radio chip and on any radio band. With Wirepas Connectivity there is no need for traditional repeaters because every wireless device is a smart router of the network.

Different operation parameters can be changed to provide tradeoffs between bandwidth, latency, range and power consumption."

Wirepas focuses on large-scale industrial IoT applications such as smart metering, sensoring, beaconing, logistics, asset tracking and lighting. Wirepas customers and partners include Aidon, Haltian, Nordic Semiconductor, Silicon Laboratories, Telit and u-blox.


More Details

Highlights

+ In total, Wirepas has raised €10 million in 2016 including loan agreements and an earlier series A investment from Inventure and Vito Ventures.

+ Wirepas was founded in 2010 as a spinoff from Tampere University

+ The company's largest deployment comprises 1.6 million smart electricity meters in Norway.

Additional Coverage

- Technology Overview: http://www.wirepas.com/connectivity/technology/

- http://www.goodnewsfinland.com/wirepas-brainshake-land-sizeable-investments/




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