- FloLive provides the FloNet cloud platform, which enables connectivity to numerous carrier networks via a single application programming interface.
- Through its FloNet platform, FloLive plans to open up more internet providers’ infrastructure after its recently announced fundraising round.
A networking startup, FloLive Ltd., announced that it has raised USD 47 million in funding. The company assists businesses in connecting their sensors and other connected devices to the internet.
The Series C financing was headed by Greenfield Partners and 83North. Qualcomm Ventures, Saban Ventures, Dell Technologies Capital, and Hazelnut Partners also participated.
Businesses in sectors like manufacturing increasingly rely on hardware connected to the internet to support their operations. For instance, factory operators install sensors in their facilities to find problems with the production line. These sensors are frequently set up to wirelessly transmit data about potential problems to a cloud-based analytics backend.
Internet access is necessary to send data to the cloud from linked devices. It can be technically difficult for businesses with devices spread across many locations worldwide to provide the required connectivity.
Various wireless providers frequently provide service to the locations where a corporation installs its internet-connected hardware. As a result, a business that operates in six different markets could need to connect its devices to the infrastructure of six different carriers. Completing such a task may take a lot of time and effort.
London-based FloLive is striving to simplify the tasks. It offers the FloNet cloud platform, which enables connectivity to numerous carrier networks via a single application programming interface. Because of this, businesses don’t need to individually connect their connected devices to every carrier network they intend to utilize.
FloNet offers internet connectivity at many places all over the world. The platform provides access to numerous carrier networks at each location. FloNet can automatically switch to a different carrier if a linked device’s network goes down due to a technical issue.
Other device management responsibilities should also be made easier by the platform. It has built-in cybersecurity features that can defend fleets of connected devices from being compromised. The tools don’t operate locally on the internet-connected hardware they safeguard, so processing isn’t slowed down.
FloLive provides two additional networking options. The first, dubbed FloControl, aims to make it easier for carriers to manage the linked devices of enterprise customers. The business’s second product makes establishing a dedicated 5G network in places like factories feasible.
Through its FloNet platform, FloLive plans to open up more internet providers’ infrastructure after its recently announced fundraising round. Additionally, a satellite connectivity option will be made available. When a business wants to install connected devices at a place that might be outside the coverage area of ground-based carrier networks, satellite internet can be especially helpful.