Cisco Investments, the corporate venturing vehicle for networking technology provider Cisco, has been added to the $75m series D round announced by France-based internet-of-things (IoT) technology developer Actility in April this year.
Cisco and financial services firm BNP Paribas joined a round that already included and telecom groups Swisscom, KPN and Orange, contract manufacturer Foxconn, satellite telecommunications company Inmarsat and industrial equipment and appliance maker Robert Bosch.
Additional participants include Creadev, Idinvest Partners, Ginko Ventures and the French state-owned Bpifrance. Bosch and Orange are investing through their Robert Bosch Venture Capital and Orange Digital Ventures units respectively.
Actility supplies low power wide area networks (LPWAN) technology that helps businesses in the logistics, smart building, energy and utilities industries manage IoT devices.
LPWAN is designed to work with IoT systems, which require low amounts of data but which could be located in remote places. Actility will use the series D proceeds to roll out it technology as it looks to expand internationally and make strategic investments.
The company has not revealed the total amount it has raised since it was founded in 2010 but venture capital fund Electranova Capital, which is backed by power producer EDF, provided an undisclosed amount of funding in 2012.
Orange, Swisscom, KPN, Foxconn, Bpifrance and Idinvest had previously taken part in a 2015 series C round, investing alongside Ginko Ventures and Truffle Capital.