What does 1NCE do?
1NCE offers an IoT software platform that enables customers to connect and manage devices, collect data, and convert it into actionable intelligence. The platform supports over 24,000 customers managing 30 million devices across more than 170 countries.
How much did they raise?
The company raised USD$60M in a funding round with investments led by Deutsche Telekom, iSquared Capital, Kensington Capital Partners, SoftBank Corp., and Vicenda Group. This round adds to the $160M raised since 2017.
What are their plans for the money?
1NCE plans to use the funds to support its global expansion, with a focus on increasing its presence in the United States, APAC, and LATAM markets while accelerating the adoption of its IoT connectivity solutions.
What have they achieved so far?
The company has already established a significant market presence, serving over 24,000 customers managing 30 million devices worldwide, which underscores its success in delivering efficient data collection and device lifecycle management solutions.
