!

IoT Platform Provider Ayla Networks Announces $39 Million in Series C Financing

AylaNetworks now has $39 million more to continue propelling the success of its global Internet of Things (IoT) platform for manufacturers. Aylas series C financing round comes from a broad group of global investors led by Ants Capital, a boutique investment bank and asset management company with headquarters in China and investment interests in China, North America and Europe; co-led by 3NOD, a leading original design manufacturer (ODM) of smart lifestyle products; and joined by new investors Mitsui and Acorn Pacific. Existing Ayla investors Cisco Investments, Crosslink Capital, International Finance Corp. (IFC, a division of World Bank Group), Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital also reinvested in this financing round.

“Our strategy at Ants Capital is to focus on the leading platforms in particular market segments and select winners,” said Yin Min, managing partner of Ants Capital. “The Internet of Things will be the next area where major winners will emerge, and we invested in Ayla because it has unmatched traction inside China and globally with leading manufacturers making IoT products. Ayla’s strategy and IoT platform is a clear fit with the direction of manufacturers worldwide.”

“Ayla is fast becoming one of the leading IoT platforms for OEMs that are manufacturing and shipping IoT products globally,” said David Friedman, CEO and co-founder of Ayla Networks. “With IoT clouds operating in multiple regions worldwide, and with major customers continuing to expand their Ayla-powered IoT product lines, Ayla believes that the when of the IoT is right nowand that Ayla Networks is well positioned to help manufactures take advantage of growing market for connected products.”

Ayla has become the number-one IoT platform provider for manufacturers in many markets, including home appliances, residential and commercial HVAC (heating, ventilation, air conditioning) systems, water heaters, water softeners, and home fire and safety products. During the past year, the company has announced new or expanded relationships with manufacturing customers that include Changhong, Dimplex, Fujitsu General, Hampton Brinks, Hunter Fan, Kidde, LockState, Ozner, TCL and United Technologies Electronic Controls (UTEC).

Within one year, Ayla has more than doubled its employee headcount. To give its growing staff more room to work, the company recently moved its US headquarters to a new building in Santa Clara, Calif., with 34,000 square feet of office space.

“We are at the threshold of a technology explosion that will see, in a few short years, each of us hosting several dozen connected devices in our homes and on our bodies, thanks to the IoT,” said Tom Kerber, director of research at Parks Associates. “But to get there, manufacturers of connected products need to navigate the complexities of the IoT. Both manufacturers and investors recognize the value of a secure, flexible, scalable and cost-effective IoT platform that meets the needs of todays marketand that can continue to deliver value over the lifetime of a connected product.”

Ayla has enhanced and added partner relationships, including an open cloud-to-cloud partnership with Zonoff, designed to greatly simplify the effort currently involved in enabling smart home systems and solutions to enlarge their ecosystems of connected products; co-development of solutions for IoT manufacturers with Encycle (formerly Regen), a smart energy management company; cooperative development projects with Renesas Electronics America; and the announcement that it is all-in with Amazon Web Services (AWS), which is the core cloud infrastructure powering Aylas IoT platform globally.

Hear Ayla Networks Speak at the 2016 IoT West Conference
www.remotemagazine.com/IoTWest/conference-sessions/

Comments are closed.