News and Announcements
Thinxtra Annual Update 2016; $11M Raised, Subsidiaries in New Zealand & Hong Kong & Continuing to Raise $20M
- Published January 18, 2017 5:01PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Thinxtra Pty Ltd, had an outstanding first year as a start-up, the Sydney-based tech company shares a passion of connecting products to improve business process and people’s lives. Building 3 nationwide networks dedicated to Internet of Things in AsiaPac;
- Raised $11m in the space of 3 months, raising now an extra $20m to finalise Sigfox network in Australia & New Zealand and expand to Asia
- Opened subsidiaries in New Zealand & Hong Kong
- IoT networks in deployment, covering 68% of Australian population & 83% of New Zealand population in less than 9 months
- Moved from 6 to 27 staff and 5 board directors from major companies (Rakon, Engie, Macquarie bank, Bupa)
- Signed up major deals for 1.3 million+ connectivity of IoT on Sigfox network and with 50 million+ potential connections in the pipeline
- Signed up 100 local partners (platform suppliers, device makers, system integrators, consultants)
- Signed up 5 universities in ANZ to develop IoT solutions and educate students on LPWAN technology for IoT
Company Updates
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