US-based internet-of-things (IoT) platform developer Ayla Networks raised $39m today in a series C round co-led by smart lifestyle product manufacturer 3Nod and boutique investment bank Ants Capital.
Cisco Investments, the corporate venturing unit of networking equipment maker Cisco, and conglomerate Mitsui also participated, as did International Finance Corporation (IFC), Acorn Pacific, Crosslink Capital, Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital.
Founded in 2010, Ayla operates an IoT platform for manufacturers to design and build connected products such as home appliances, fire and safety alarms or water heaters. The series C money will go towards continued global expansion.
Ayla previously received $14.5m in a 2014 series B round featuring Cisco Investments, IFC, Linear, SAIF, SJF, Crosslink and Voyager, adding to $5.4m in series A capital provided by Voyager and Crosslink the previous year.
David Friedman, CEO and co-founder of Ayla Networks, said: “We are grateful to be part of this new era of connected products, and for the confidence our new and existing investors place in Ayla and in our strategies for continuing to help manufacturers embrace the IoT future.”