31 October, 2023: Wirepas – the tech pioneer setting a new standard in infinitely scalable, fail-proof IoT networks – has raised $22 million, led by Highland Europe, to bring the wireless connectivity revolution to even more enterprises worldwide. Amalfi and IQT also participated, as did previous investors ETF Partners, KPN Ventures, Vito Ventures and Vesa Laisi.
Underpinned by almost 100 patents in wireless technology, Wirepas solves the scalability, reliability and sustainability issues that have been holding Massive IoT back from its full, society-changing potential.
Massive IoT is connecting millions of devices together in a single network, often remotely and over large networks. Enterprises and industry use these networks to leverage and monitor vast amounts of data, assets and machines. Until now, however, outdated, limited solutions have failed to deliver on the potential to deliver smart buildings, logistics, smart meters and smart agriculture.
Wirepas’s autonomous and decentralised approach uses algorithms and a unique mesh architecture to connect as many as 16 million networks, each having staggering 4 billion devices at a time (for more information, click HERE). Unlike centralised systems that connect IoT devices via a single base station, each device on a Wirepas network acts as an access point for the next. By making small hops between devices rather than returning signals to a far away central hub, Wirepas’ networks use minimal amounts of the wireless spectrum without sacrificing results. Not only does this vastly extend the networks’ range and resilience, it significantly reduces the costs and energy required to manage such networks. If one sensor goes down, Wirepas reroutes the data without interruption and the network autonomously reconfigures itself to stay online. This is crucial in settings where even a brief loss of connection can result in significant disruptions, like achieving demanding >99.9% Service Level Agreements in smart metering.