IoT network operator UnaBiz raises funding from Taiwan’s Shin Kong Security

Photo: UnaBiz website

Singapore- and Taiwan-based internet of things (IoT) solutions provider UnaBiz has raised an undisclosed amount in funding from Taiwan Shin Kong Security Co Ltd, a subsidiary of Shin Kong Group.

The investment will see both companies cooperate in the field of Artificial Intelligence of Things (AIoT) space, according to an official statement.

UnaBiz is the exclusive network operator of Sigfox‘s low-power wide area network in Singapore and Taiwan. The network, which UnaBiz said allows government agencies and businesses to connect millions of devices simply and affordably, currently covers more than 95 per cent of the population in both Singapore and Taiwan.

“The investment not only instill great confidence in UnaBiz, but it also encourages the entire security market to jump on the IoT bandwagon. With the network established, UnaBiz will focus on supporting early adopters of IoT by providing high quality, scalable and price-fit IoT solutions, including the offering of professional services,” said Philippe Chiu, managing director & co-founder of UnaBiz Taiwan.

Taipei-headquartered Shin Kong Security offers electronic security systems, including financial security systems, cash and valuables escort services, small business security systems, as well as residential security systems services.

With the emergence of AIoT, Shin Kong Security will leverage the expertise of UnaBiz to integrate AI and IoT to enhance smart learning and predictability in connected devices, the companies said in a statement.

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