AllThingsTalk announces the closing of a financing round of 2 million euro under the lead of Belgian investor Saffelberg Investments, joined by the Cordier family and seasoned entrepreneurs Luc Osselaer, Peter Hinssen, Luc Dooms and Philippe Jadoul. Vista Capital Partners acted as advisor in the capital round.
As the Internet of Things (IoT) industry is picking up speed, AllThingsTalk is expected to play a key role in enabling every industry to offer smart solutions to their customers and partners. The IoT platform market is expected to grow to 15 billion EUR by 2020, according to Boston Consulting Group.
AllThingsTalk creates an IoT Product Platform as-a-service named AllThingsTalk Cloud, to enable innovators and developers to build groundbreaking Internet of Things products.
This financing round will enable AllThingsTalk to continue development efforts on AllThingsTalk Cloud and will be used primarily to fuel international marketing and sales. Successful partnerships with Belgian operator Proximus to launch their LoRaWAN based IoT network in late 2015 and with Orange Belgium to launch their Mobile IoT network (Narrowband-IoT en LTE-M) in 2017, constitute a solid reference base for these international ambitions.
Tom Casaer, CEO of AllThingsTalk, comments: “From the outset we had international ambitions with AllThingsTalk. We are very happy to attract such quality investors to help us take on this ambition. In the execution thereof we are thrilled to be able to call upon respected and successful entrepreneurs whose expert insights and advice will greatly benefit AllThingsTalk.“
Luc Osselaer of Saffelberg Investments: “AllThingsTalk has forged a team of talented developers and contracted valuable customer references. The recently announced successful integration of AllThingsTalk Cloud with The Things Network private LoRaWAN™ network is a first major step in their efforts to convince IoT hardware builders, application developers and enterprises across the globe to use AllThingsTalk Cloud as their preferred IoT Product Platform.“
To emphasise their commitment to the success of AllThingsTalk, representatives of these investors join the board with the current executive board members