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Connected platform maker for IoT receives $15M VC

Posted: 25 Jan 2016     Print Version  Bookmark and Share

Keywords:Arrayent  IoT  Internet  data centre  ORIX Ventures 

Arrayent, the inventor of the connected platform for Internet of Things (IoT) brands such as Whirlpool, Pentair, Maytag, Salus, Osram, Braeburn, Schumacher, Chamberlain, Monster, LiftMaster and more has received $15 million in Series C funding from ORIX Ventures.

"Arrayent's Connect Platform enables major consumer brands to transform traditional products into connected devices that make life safer, more convenient and better for users," said Arrayent's CEO Cyril Brignone.

Arrayent has certainly sold that message to companies across the globe who have chosen its platform to cost effectively, according to Brignone, add Internet connectivity to their products and cultivate a closer relationship with their customers.

Arrayent's Connect Platform

Arrayent's Connect Platform enables major consumer brands to transform traditional products into connected devices for brands including Whirlpool, Pentair, Maytag, Salus, Osram, Braeburn, Schumacher, Chamberlain, LiftMaster and others. (Source: Arrayent)

"We are a Gartner Cool Vendor for the IoT space," Brignone said. "And provide connected product capabilities to leading brands across the globe."

Although $15 million seems to be more money than they need for the job, Arrayent claimed it needed the Series C funding round to expand its existing presence in the U.S., Europe and Asia.

"We are in the process of increasing our global sales and partnership teams and driving efforts to both generate more awareness, and to close deals with leading global brands," Brignone said.

$15 million is a lot of money to expand "sales and partnerships" but Brignone was able to convince Orix Ventures to jump on the bandwagon with existing investors DCM Ventures, Intel Capital, Opus Capital and Comerica Bank.

The reason for Arrayent's success so far (with over 60 IoT devices launched and available of the market today by virtue of its Connected Platform) is its global ability to tie together devices by virtue of its eight cloud data centre operations covering five continents, according to Brignone. It also stands to reason that some of that $15 million infusion from Orix Ventures will go into hardware for those or even a few new data centres.

Cyril Brignone

Arrayent's CEO Cyril Brignone said its Connect Platform enables Internet of Things (IoT) device virtualisation.

Arrayent's secret sauce is "a rapid time-to-market for trusted brands to launch a product line in six months," Brignone said. "Clouds can use appliance bus 'language' to enable us to get you connected quickly. And we already have proven our ability to scale for high volumes when connecting products ranging from LED to thermostats to complex appliances."

No matter how they spend the $15 million, Arrayent is in the black with its "middleware" IoT solution and seems destined to scale in direct proportion, or even faster, than the IoT market itself expands.

- R. Colin Johnson
  EE Times

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