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EvoNet Foundation Raises Another $5 Million to Accelerate Industrialization of Wide-Area IoT Networks

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EvoNet Foundation Raises Another $5 Million to Accelerate Industrialization of Wide-Area IoT Networks

September 13
11:32 2023

Recently, Singapore’s EvoNet Foundation announced that it had raised $5 million in financing. The funds will be used to accelerate industrialization of wide-area IoT networks. Atlanta Ventures participated in this round of investment. EvoNet is a company that focuses on research and development of wide-area IoT technology and provides high-quality, efficient and reliable wide-area IoT solutions for customers around the world.

EvoNet’s wide-area IoT technology is a wireless communication technology based on LoRaWAN protocol with features such as low power consumption, long distance and large capacity. This technology can be applied to smart cities, smart agriculture, smart logistics and other fields to provide customers with comprehensive IoT solutions.

This financing will further strengthen EvoNet’s technical research and development capabilities in wide-area IoT field and promote industrialization of wide-area IoT networks. At the same time, EvoNet will continue to strengthen its cooperation with partners around the world to provide customers with better services and solutions.

Atlanta Ventures CEO David Cummings said that he has been paying attention to this track for a long time. Last year they saw that EvoNet Foundation gradually formed unique advantages. At the same time, large-scale application of blockchain technology has brought new possibilities for architecture of IoT in perception, cognition and landing. With rich experience that EvoNet Foundation has in field of IoT, EvoNet will definitely stand at top of industry in future.

EvoNet Foundation CEO Edward Martin said that Atlanta Ventures’ investment makes them more confident. They can let go and do this thing and deal with development of industry and changes in times more calmly. He believes that with joint efforts they will make EvoNet a new market direction in terms of product definition capabilities and industry barriers.

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Company Name: Evonet foundation
Contact Person: Edward
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Country: Singapore