NimbeLink, a solutions integrator and systems provider for the Internet of Things (IoT) market, has secured USD2.5 million in funding from First Analysis, a private growth-equity investor.
The company will use the proceeds from the financing to capitalise on strong customer demand, to continue broadening its product suite, and to expand internationally to support its global client base.
“Putting the right components together to form Internet of Things Solutions is an inherently difficult task, and we have seen too many promising solutions delayed or abandoned due to these difficulties. NimbeLink eliminates this complexity with its highly-flexible hardware platform supported by a team of wireless experts,” says Howard Smith, Managing Director at First Analysis. “Our multi-year engagement with the company has convinced us that NimbeLink has the depth, experience and roadmap to build on its early success and become a major player in the IoT ecosystem, and we are excited to provide tangible support to their effort.”
Success in the competitive IoT marketplace requires a lot of elements – the right sensors and gateways, affordable modems, smart processors, sophisticated software, FCC and carrier certifications, secure networks and more – and NimbeLink ensures that its clients turn innovative concepts into reality quickly and economically.
“NimbeLink has established itself as the leader in the IoT market," says Scott Schwalbe, CEO of NimbeLink. "First Analysis' operational and strategic expertise, combined with its extensive resources, makes them the ideal partner to help us meet the growing needs of our customers and extend our market leadership position.”
Over the past few years, NimbeLink has proven its ability to deliver substantial and immediate benefits, ROI and customer service improvements to some of the world's most demanding organisations.
