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1Nce Raises Usd 50 M For Global Expansion Led By Investors Including Softbank And Deutsche Telekom

Sep 29, 2021•almost 4 years ago

Amount Raised

$50 Million

Description

IoT Carrier 1NCE has announced $50M in financing. The capital is provided by investors including Deutsche Telekom, SoftBank, and other investors. 1NCE offers cellular device connectivity at a fixed price in over 100 countries via 2G, 3G, 4G, 5G, NB-IoT and LTE-M. Its cloud-based connectivity platform includes IoT services such as plug-and-play setup and device management.

Company Information

Company

1 Nce

About

1NCE GmbH is the first fully-fledged IoT network carrier in the world to offer fast, secure, and reliable connectivity services at low cost based on an IoT flat rate. This makes IoT applications such as tank maintenance, smart metering, or vehicle telematics affordable. The 1NCE IoT Flat Rate includes 500 MB data volume, 250 SMS, and free access to the 1NCE Connectivity Management Platform via Internet and API. To provide the service, 1NCE cooperates with both Deutsche Telekom AG and its roaming partners as well as China Telecom Global Limited and supports all common mobile communications standards (2G, 3G, 4G, 5G, NB-IoT, LTE-M). In addition to direct sales of IoT mobile connectivity, 1NCE also offers its technology to mobile network operators via a Platform-as-a-Service solution. The company headquartered in Cologne offers its flat rate almost world-wide. 1NCE was founded in 2017 together with Deutsche Telekom AG and has 100 staff in Cologne, Hamburg, Amsterdam, London, Rome, Paris, Warsaw, and Riga. For more information, please see www.1nce.com

Funding Insights

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