Ayla Networks Receives $39 Million Series C Funding
Date: Thursday , June 30, 2016
Ayla Networks, an IoT platform provider, secures $39 million in its series C funding led by Ants Capital. The other investors who joined the funding round were Acorn Pacific Ventures, Cisco Investments, Crosslink Capital, International Finance Corporation, Linear Venture, and a few others. The company will utilize the capital for the expansion of its IoT product and customer successes all over the world.
Previously in April 2014, Ayla Networks had raised $14.5 million in series B funding from Cisco, International Finance Corporation, Linear Venture, SAIF Partners, SJF Ventures, Crosslink Capital and Voyager Capital to expand its business in China and other emerging markets.
\"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 now - and that Ayla Networks is well positioned to help manufactures take advantage of growing market for connected products,\" says David Friedman, CEO & Co-Founder, Ayla Networks.
Yin Min, Managing Partner, Ants Capital asserts, \"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\".
Founded in 2010 by David, Adrian Caceres (Co-Founder, VP of Engineering), Thomas H. Lee (Co-Founder) and Phillip Chang (Co-Founder, VP & GM Greater China), Ayla Networks offers its customers support, Agile IoT platform, accelerating development and ongoing improvement of connected products for the IoT. To create secure connectivity, data analytics and feature-rich customer experiences, Ayla\'s software fabric runs across the cloud, applications and devices.