Sigfox operator UnaBiz secures fresh funding
May 22, 2018
UnaBiz, the Sigfox network operator in Singapore and Taiwan, has secured fresh funds from Taiwan’s Shin Kong Security, a subsidiary of the Shin Kong Group.
UnaBiz launched Taiwan's first nationwide IoT network in October last year at a monthly subscription price of NT$2. The launch sparked opportunities for Taiwan as Sigfox allows government agencies and businesses to connect millions of devices. The network currently covers more than 95 per cent of the population in both Singapore and Taiwan.
Headquartered in Taipei, Shin Kong Security is a public listed company, and one of the largest security service providers in Taiwan. The group engages in a full range of financial products and services through its subsidiaries including life insurance, banking, securities, asset management, property brokerage and venture capital. The group also has significant presence in manufacturing, consumer, medical and public services.
"Shin Kong Security has been supporting clients with cloud computing and serial signal connection 24/7 since the beginning of its service,” said Frank Hung, general manager of Shin Kong Security. “With the emergence of artificial intelligence of things, SKS will leverage on the expertise of UnaBiz to integrate AI and IoT to enhance smart learning and predictability in connected devices.”
He said the company would dedicate more resources in the areas of smart homes, elderly monitoring, robotics, green energy, smart surveillance and, image recognition, to provide competitive, intelligent and innovative service in the security industry.
"We are very excited to welcome Shin Kong Security as our new investor in Taiwan," said Philippe Chiu, managing director of UnaBiz Taiwan. “The investment not only instils great confidence in UnaBiz, but it also encourages the entire security market to jump on the IoT bandwagon. With the network established, UnaBiz will focus on supporting early adopters of IoT by providing high quality, scalable and price-fit IoT, including the offering of professional services.”
Shin Kong Security was founded in 1980 as a symbolic security service provider and an associated enterprise of Shin Kong Group in Taiwan. It primarily offers electronic security, including financial security, cash and valuables escort services, small business security, and residential security services.