floLIVE, the pioneer behind the world’s first and largest hyperlocal global cellular network, has successfully secured $47 million in a Series C funding round. This investment was jointly led by Greenfield Partners and existing investor 83North, with active participation from prominent names including Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners.
With this fresh injection of capital, floLIVE intends to significantly expand its global presence by forming strategic partnerships with additional Mobile Network Operators (MNOs). The company also plans to enhance its groundbreaking multi-IMSI over eSIM technology, launch an integrated satellite connectivity solution, and introduce a range of innovative products to the market. These innovations encompass advanced location-based applications, network-based cybersecurity services, secure data routing, and more.
In recent years, the global connectivity landscape has undergone profound changes, with Original Equipment Manufacturers (OEMs) and global enterprises demanding more sophisticated and adaptable solutions for their IoT connectivity needs. There is now a pressing need for a modern, highly available global connectivity solution that offers real-time visibility, network customization, cybersecurity safeguards, and compliance with regulatory requirements.
Mobile Network Operators (MNOs) are also seeking modern, cloud-based solutions to meet the demands of global enterprises cost-effectively. floLIVE’s platform not only fulfills these requirements but also helps MNOs transform their IoT businesses into profitable ventures by unlocking new business opportunities and improving unit economics. The platform offers an alternative to traditional roaming agreements, which may not be suitable for all IoT use cases and may face challenges due to widespread eSIM adoption.
floLIVE’s unparalleled hyperlocal global network spans across all continents, delivering localized connectivity in a streamlined manner. This globally distributed, API-driven cellular data network serves as the foundational infrastructure for enterprises, OEMs, IoT Service Providers, and MNOs. They all benefit from a modern, carrier-grade, secure, and robust platform that enables the development of profitable IoT businesses while introducing new revenue streams and advanced value-added services.
Key to floLIVE’s offerings is its advanced, cloud-native software architecture, which reduces time-to-market, ensures a low total cost of ownership (TCO), and offers unparalleled flexibility. These solutions support high performance and extended battery life for both Low Power Wide Area (LPWA) and broadband IoT use cases.