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Sigfox said its new investors include France's Total, San
Francisco-based Salesforce.com and Henri Seydoux, the founder
luxury goods company Christian Louboutin and of drone maker
Parrot.
Founded in 2010, Sigfox raised $115 million in February 2015
from investors including include Spain's Telefonica, France's
Engie, NTT Docomo Ventures, SK Telecom, Air Liquide and Elliott
Management, sources said at the time.
Since it was started by French entrepreneur Ludovic le Moan,
Sigfox has built a global wireless network connecting more than
10 million objects to the cloud at minimal cost by relying only
on surrounding sources of energy.
The latest round of funding will enable Sigfox, which competes
with Cisco's Jasper, to expand its international network from 26
countries to 60 by 2018 and reach financial break-even, the
company said.
"We are happy to accompany the development of Sigfox because the
technology it offers can be decisive to accelerate the
deployment of the Internet of things.", Patrick Pouyanné,
Chairman and Chief Executive Officer of Total, said in the
statement.
"This type of solution will improve the performance and
operational safety of industrial activities, reduce operating
costs, but also be used to serve customers."
(Editing by Alexander Smith)
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