Thursday, 8 August 2024, Tokyo, Japan – UnaBiz, Massive IoT Service Provider and integrator announces the successful first close of its US$25 Million pre-series C funding with KDDI Open Innovation Fund 3, and KYOCERA Communication Systems Co., Ltd (KCCS).
This capital injection follows UnaBiz’s successful acquisition and integration of Sigfox 0G technology, which now operates with a healthy and profitable profit and loss statement thanks to continued revenue growth and streamlined operations. In 2 years, UnaBiz added 4 million new devices to the global 0G Network, making it the single largest unlicensed LPWAN network globally.
Kazuhiko Chuman, General Manager of KDDI Corporation’s Open Innovation Division which promotes investment and business co-creation through KDDI Open Innovation Fund 3, said, “UnaBiz has been at the forefront of expanding the Sigfox 0G Network business, contributing significantly to the creation of an IoT business ecosystem. Today, UnaBiz is an indispensable presence across various industries, earning the trust of numerous customers and partners both domestically and internationally. Through our collaboration with UnaBiz, KDDI will continue to drive further growth in the IoT market.”
Yoshiaki Nagai, Deputy General Manager, ICT Group and Division Manager, Wireless Solutions Division of KCCS added, “We are pleased to further strengthen our ties with UnaBiz through this funding round. By acquiring Sigfox 0G technology, UnaBiz has become a gateway for Japanese companies to export their IoT solutions globally. We look forward to working closely with the team to expand our solutioning business around the world.”
The fresh funds will be used to support the following strategies:
- Security Industry Growth: In the last 1 year, UnaBiz has connected an additional 1 million devices in the Security industry. UnaBiz is now investing in partnerships with major Automobile and Motorbike manufacturers to scale its telemetry and anti-jamming services globally.
- Deepen Logistics & Supply Chain market penetration: Expanding on the recent success of its AI-powered WiFi-Geolocation Services, UnaBiz is targeting use cases such as pallets and parcel tracing.
- Utilities Expansion with Hybridation: Accelerate its market-share in the Gas and Water Utility segment with additional hybrid solutions leveraging multi-tech network technologies.
Henri Bong, CEO & Co-Founder of UnaBiz, expressed his enthusiasm for the company’s accelerated trajectory: “Our transformation is complete! Since the acquisition of Sigfox 0G technology, we have unleashed its full potential by opening up the tech, and unlocking fresh opportunities for IoT deployments and applications across the entire LPWAN ecosystem. Today, we are one of the largest aggregators of Massive IoT solutions globally, with 13.5 million devices connected, of which 4 were added in the last 24 months alone.”
Alexis Susset, CTO & EVP of UnaBiz Japan & South Korea, added, “Japan has played a pivotal role in UnaBiz’s growth, thanks to a rapidly expanding ecosystem of partners and customers deploying and scaling solutions across our key verticals: Utilities, Supply Chain & Logistics, and Security. KDDI and KCCS’s continued investment reinforces our commitment to advancing Massive IoT technologies and business models with our Japanese partners.”
The firm expects to hold a final close by October 2024.
