In addition to the two lead investors, UnaBiz’s pool of investors includes notable angel investors from Singapore as well as Taiwanese security management giant Shin Kong Security, a subsidiary of the Shin Kong Group.
The new funds, according to UnaBiz, will support the development of IoT applications that “combine connectivity, end-to-end solutions, and engineering services”. UnaBiz is the exclusive operator of IoT communication service Sigfox in Singapore and Taiwan.
Henri Bong, CEO and co-founder of UnaBiz, attributed the successful close of the Series A funding round to the team’s “tireless efforts”.
“In only two years, we have deployed two national networks, built an ecosystem of over 200 partners across Asia and brought our IoT solutions to over 25 countries. With our new international partners… UnaBiz will now play a more prominent role in empowering Massive Internet of Things,” Bong said.
KDDI, Japan’s global telecommunications pioneer, led the round through its SORACOM IoT Fund Program. SORACOM Inc, the KDDI group company that runs the programme, is a multi-standard IoT platform that operates in over 120 countries.
Commenting on the investment, Ken Tamagawa, CEO and co-founder of SORACOM Inc, said the joint efforts will “accelerate the buildout of an even stronger international IoT ecosystem to develop new solutions for our customers”.
The other lead investor, ENGIE Services Singapore, joined the round through its ENGIE New Ventures fund. The fund was also an investor in UnaBiz’s seed round.
“IoT, along with data science, artificial intelligence, and machine learning, is at the heart of our digital strategy, and UnaBiz shares that vision of a connected world with us,” according to Csilla Kohalmi-Monfils, Executive Vice President Strategy & New Business at ENGIE.