With increasing internet penetration and advancements in technology, our world is steadily moving towards a connected ecosystem. IoT or Internet of Things is a subset of technology that deals with interconnected devices and how they communicate with each other. There are multiple companies working in this field and the London-based floLIVE just made its mark. The startup has received a whopping investment of €19.47M in its Series B funding to expand its reach and grow globally.
Fresh funding and a new CEO
In its Series-B round of funding, floLIVE raised €19.47M, which was led by 83North. Dell Technologies Capital, Saban Ventures, and Qualcomm Ventures LLC also participated in the funding round. Alongside the funding announcement, floLIVE also announced the appointment of Nir Shalom as the company’s new CEO, who previously served as General Manager of AT&T Israel and Vice President of Network Application Development of AT&T.