With the Samsara IPO heading toward pricing, it’s a good moment to spend a little more time digging into the IoT market. There’s a lot more going on than merely the liquidity point of one of its players, it turns out.

The new capital raise is roughly equivalent to all the capital that Afero raised prior to its latest round, per Crunchbase data, implying that the startup now has more cash on hand than at any point prior. In practice, the startup works with companies like Home Depot to bring connected devices to markets like the smart home segment. Obviously, the company is going to do some hiring with its new capital. In time, when Afero has a wider customer base, we’ll expect more specificity. Of all the startups that I have spoken to after raising a Series C, Afero is the smallest in terms of full-time staffing with just 24 people.

Afero Raises $50M Series C For Its Security-Focused Iot Platform

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Afero Raises $50M Series C For Its Security-Focused Iot Platform

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