China, US-based Sensoro raises $18m Series B
Sensoro, an internet-of-things (IoT) technology supplier based in the US and China, has received an $18 million Series B funding round from Tsing Capital, Sumitomo Corporation and Bosch.
"The internet-of-things is happening today and will significantly transform the way how we live,” Hongquan Jiang, a partner at Robert Bosch Venture Capital, said in a statement. "We believe Sensoro’s robust and easily deployable technologies will accelerate this transformation and change how we see our environment and make decisions."
The start-up, which operates from offices in Seattle, Beijing, Shanghai and Shenzhen, provides IoT technology to smart city projects in China, Malaysia and Europe, including the UK. It offers low-power IoT services for large-scale sensor networks via its Alpha product suite, which can support devices across a 120-square-mile area. Typical IoT sensor systems are limited to a range of 3-6 miles.
Previous investment in the company includes a $10 million round led by Nokia Growth Partners in late 2015. The round included participation from Hong Kong conglomerate New World Development and Mandra Capital. Microsoft Ventures invested in a 2013 round.
Established in 2001, Tsing Capital focuses on cleantech and new materials and has backed a number of US-based companies with technologies that are relevant to China. It has recently been active in the IoT space by backing IngDan, a US e-commerce platform operator that aims to connect hardware start-ups with supply chain resources in China.
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