It’s an excellent opportunity to spend a little more time researching the IoT sector now that the Samsara IPO is approaching pricing. It turns out that there’s a lot more going on than just one of its participants’ liquidity points.
Crosspoint Capital Partners led a $50 million Series C round of funding for Afero today. According to Crunchbase data, the new capital investment is almost similar to all of Afero’s previous capital raises, meaning that the business now has more cash on hand than ever before.
The IoT platform from Afero was designed with security in mind. That may seem self-evident, but Britt, CEO of Alfero, argues that the web was not built with safety as a significant priority from the start, which has resulted in a slew of breaches and attacks.
Customer organizations can build mobile apps on top of Afero’s IoT platform, including a software development toolkit (SDK) and the flexibility to adjust to customer use cases.