Internet of Things Startup Ayla Raises $14.5M From Chinese Investors.
It may soon become possible for people to use their smartphones to keep track on how much water they’ve used in their homes, check insulin level or get a text from a smoke alarm goes off while there away.
The Internet of Things (IoT) platform provider focused on connecting devices to its cloud platform, Ayla Networks, has recently announced that it has managed to secure over $14.5 million Series B financing round with new investments coming from Cisco and SAIF partners, one of China’s biggest venture capital firms. Other investors involved in this round included the International Finance Corporation, a member of the World Bank Group; Linear Venture; SJF Ventures; Crosslink Capital and Voyagers Capital.
“The Internet of Everything represents a huge opportunity to create value as things, data, processes and people become connected,” said Rob Savalgno, vice president of Corporate Development at Cisco. “Ayla impressed us with the architecture, flexibility and scale of its IoT platform, enabling customers to quickly deliver connected products and to make meaningful decisions from data.”
Ayla is working with a large variety of creators of door locks, water treatment, lighting, fire and safety monitoring and thermostats.
“Our mission is to seamlessly combine the right technologies so that manufacturers, service providers and others can build amazing products, ultimately implementing Agile IoT for greater customer value,” said David Friedman, co-founder and CEO of Ayla Networks.
Friedman first founded the company during 2010 alongside co-founder Thomas Lee, who teaches electrical engineering at Stanford University, Adrian Caceres, who previously worked on the Kindle at Amazon; and Asian business leader Phillip Chang.
The Sunnyvale-based company has also recently revealed plan on expanding its business towards China to allow manufacturers and others to deliver IoT products and services, though it would not disclose on the scale of businesses and consumers that it would try to reach out too.
China has been searching for ways to catch up to the U.S. when it comes to trends of the future, investing over $6 billion in over 20 U.S. companies in various sectors including, health, energy, fashion, and tech, stated an investor named Alex Liang from SAIF partners. The firm has recently helped visual A/B testing startup Appiterate raise over $500k in financial funding.
Ayla has partner up with Sina during the previous year, in order to develop a Wi-Fi Weather Station that promises to increase the detail of accuracy of weather reports and forecasts.
The company would not further elaborate on the specific products at the request of companies, but did comment that consumers can expect an Ayla-enabled product during this coming holiday season.