Sigfox passes 100 US cities target
December 29, 2016
Sigfox has announced several growth milestones, including 20 per cent population coverage within the USA and network deployment in more than 100 US metropolitan areas including Houston, San Francisco, Los Angeles, Chicago, New York City and Atlanta.
The rapid US coverage deployment strengthens the French company’s global network that connects millions of objects, spanning coverage in 29 countries. By operating on a low-power wide-area network (LPWAN), Sigfox delivers low energy consumption, low cost and complementary connectivity to customers and partners across industries.
Last month, Sigfox closed a series E funding round of €150m to accelerate the expansion of its network. The funding was joined by US investors including Salesforce Ventures and Elliott Management, in addition to Total, Henri Seydoux, Alto Invest, Swen CP and Tamer Group. The new funding will be primarily dedicated to the US network deployment and expansion.
“We are thrilled to celebrate this significant benchmark – in 100 plus US cities in one year – and we can attribute strong customer demand for connectivity to driving our aggressive network deployment in the USA, as it is a priority growth market for IoT and Sigfox,” said Allen Proithis (pictured), president of Sigfox in North America. “By filling a massive unmet market need, we are enabling a new class of connected devices. We are excited to be the important connectivity layer in the next Industrial Revolution.”
Sigfox has signed over two dozen US channel partners to enable IoT connectivity in key verticals including logistics, asset management and agriculture. With channel partner Marconi Development Group, which offers end-to-end tower sites for improved revenue streams, it is actively working on connected space opportunities in commercial real estate, asset management and logistics, including a pilot use case with a national franchise restaurant.
“We are very excited to partner with Sigfox, a recognised global leader in dedicated IoT connectivity,” said Tom Kallopoulos, managing partner at Marconi Development Group. “Sigfox’s low power and low cost solution is a big differentiator in the market, enabling our team to provide our customers with affordable and efficient IoT connectivity. Sigfox enables our customers to transform their businesses by implementing use cases that otherwise may not have been possible.”
Sigfox kicks off the New Year with refreshed commitments to rapid US expansion and anticipates meeting several new milestones in the USA in 2017, including continued expansion into major metropolitan areas such as Seattle, Philadelphia and the Baltimore-Washington beltway, 40 per cent US population network coverage by the end of 2017, with a focus in major metropolitan areas as driven by customer needs, and a commitment to bring more enabled partners into the ecosystem.