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Ayla Networks Raises $20M Growth Equity Financing To Accelerate Momentum In Iot Markets

Dec 06, 2021over 3 years ago

Amount Raised

$20 Million

Milpitas

Description

Ayla Networks, a leader in enterprise Internet of Things (IoT) platforms that accelerate digital transformation for consumer brands and Internet service providers (ISPs), today announced that it has raised a new round of financing led by Los Angeles-based software growth equity firm Arrowroot Capital with participation from existing investors including Trinity Power Limited, Voyager Capital and SJF Ventures. With this investment, Ayla will look to further its strategic positioning in key IoT markets through incremental sales and marketing, product innovation, and geographic expansion.

Company Information

Company

Ayla Networks

Location

Milpitas, California, United States

About

Ayla Networks enables consumer brand manufacturers (OEMs) and Internet service providers (ISPs) to realize better business outcomes through IoT solutions. Ayla’s software platform includes device, cloud, application, analytics & machine learning capabilities to drive the development and launch of differentiated connected products and services. By leveraging the Ayla IoT platform, customers can realize future-proofed, secure, connected products in the shortest time with least risk. For more information, visit www.aylanetworks.com.

Funding Insights

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