Funding

Nokia Group Leads $10M Investment In IoT Big Data Startup

03rd Dec `15, 10:12 AM in Funding

A startup specializing in big data sensors for the Internet of Things has received some considerable new capital investment. Sensoro…

BDMS
Guest Contributor
 

A startup specializing in big data sensors for the Internet of Things has received some considerable new capital investment. Sensoro has announced that Nokia Growth Partners, Mandra Capital, and New World Development Company Limited have together raised $10 million in funding.

The investment funding round was led by NGP, which explained in a statement that its aim is to look for “innovations that IoT technology has brought to data analysis services and applications,” and “to make a contribution to the development of internationally competitive high-tech in the Chinese startup eco-system.” Sensoro  fits the bill, having been established in Beijing by Microsoft Ventures back in 2013, and grown to develop partnerships with business partners around the world, and satellite offices in Japan and the US.

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