Sigfox announces USD115 million in new funding - Machina Research's view

11 February 2015

Sigfox today announced that it had raised an additional USD115 million in funding in order to build out Low Power Wide Area (LPWA) networks in Europe, the US and Asia. It already has deployments in France, Netherlands, Spain and the UK, with anticipated deployment soon in the US. The investors include Air Liquide, Eutelsat, NTT Docomo, SK Telecom, and Telefonica.

The scale of the funding is substantial, and the investors are exactly the types that Sigfox would have wanted to secure. Some of the specific participants are a little surprising given that some have previously focused on other technologies, or are competing with Sigfox Network Operators in some of their markets. However, the IoT world is a pluralistic one and there is no one-size-fits-all solution. 

This is a clear vote of confidence for Sigfox as a potential global network. There are a number of competing technologies, not least Weightless, Neul, which was recently acquired by Huawei, and Semtech's LoRa. The last few months have seen a number of interesting LPWA-related announcements from Communications Service Providers (CSPs), for instance with KPN announcing it would be deploying LoRa, and Tele2 working with Sigfox. With Mobile World Congress coming up we firmly expect major announcements in this space. 

According to Machina Research's M2M Forecast Database there will be over 3 billion LPWA connected devices worldwide by 2023. Machina Research has been covering this LPWA opportunity in substantial detail for several years and has the most in-depth coverage of the market opportunity, technical capabilities and competitive landscape. For more information, contact us.

quick links >