Internet of Things (IoT) networking specialist Link Labs has secured $5.7m in series A funding which the company said would be used to boost its low-power wide area network (LPWAN) expansion efforts.
The funding round was led by TCP Venture Capital, which included investment from the Maryland Venture Fund, Blu Venture investors, Inflection Point Partners, and individual and existing investors.
Link Labs specialises in developing IoT networking technology based on LoRa, a standard for IoT-centric wide area networks. Its wares are popular in the intelligent manufacturing, healthcare and smart metering sectors.
The company’s Symphony Link software and hardware connects a range of IP-connected devices over long ranges, both indoors and outdoors, over both licenced and unlicensed spectrum (915 MHz ISM band and ETSI compliant for use in the 868 MHz band in Europe and are capable of deployment from 137 MHz1020 MHz).
“This round marks an important milestone for us as we shift from system development, to accelerated deployment with our early customers,” said Brian Ray, chief executive of Link Labs. “This gives us the capital to expand our distribution channel and open up additional international markets and new applications.”
Bob Proctor, founding member at Blu Venture Investors said: “Link Labs is quickly emerging as the leader in hardware and software systems for low-power, long-range communications. We were excited to provide the seed round for Link Labs last year and are proud to be a major part of the Series A round.”
Link Labs is one of a small but growing number of startups making inroads in the IoT networking space, where there is a flurry of activity around developing standards to handle the communications element.
LoRa, which is developed by Semtech, is being backed by IBM, Cisco, and Microchip among the members of the LoRa Alliance, but other include Sigfox (which is being backed by Samsung) and Neul (which is being backed by Huawei).