Wirepas raises $22m for scalable IoT networks

Wirepas raises $22m for scalable IoT networks

Business news |
By Nick Flaherty

Wirepas in Finland has raised $22m to boost the development of large scale IoT enterprise networks.

Using DECT algorithms and a decentralised mesh technology, Wirepas can connect as many as 4bn devices at once per network without needed cellular connection. This builds on the evolution of the DECT standard, DECT-2020 NR, for scalable networking in the 1.9GHz unlicensed band.

The Series D funding round was led by Highland Europe, which also backs Signal AI. Amalfi and IQT also participated, as did previous investors ETF Partners, KPN Ventures, Vito Ventures and Vesa Laisi. This brings the total raised by Wirepas since it was founded in 2010 to over $32m.

The funding will be used to further expand Wirepas’ technology and solutions globally, with a focus on becoming the standard in IoT connectivity. In addition to Wirepas’ new investors, and those investors which have returned for this round, the company is also backed by Inventure, Karma and Tesi. 

The company has almost 100 patents in wireless technology to address scalability, reliability and sustainability for massive IoT networks. Enterprises and industry use these networks to monitor vast amounts of data, assets and machines.

The autonomous and decentralised approach uses algorithms and a mesh architecture to connect as many as 16 million networks, each having 4bnn devices at a time. Unlike centralised systems that connect IoT devices via a single base station, each device on a Wirepas network acts as an access point for the next.

By making small hops between devices rather than returning signals to a far away  central hub, the networks use minimal amounts of the wireless spectrum without sacrificing results. This extends the network range and resilience and reduces the costs and energy required to manage such networks.  If one sensor goes down, the network reroutes the data without interruption and the network autonomously reconfigures itself to stay online. This is crucial in settings where even a brief loss of connection can result in significant disruptions, such as achieving demanding >99.9% Service Level Agreements in smart metering. 

The company now has more than 160 partners for whom it provides smart tracking, smart building, smart manufacturing, and smart metering, including the NHS in the UK, with more than 7 million devices connected. 

“The dream of IoT – devices that communicate with each other to automate processes and collect usable data – has had huge appeal for a long time. But until now there has been a disconnect between the limited, centralised IoT solutions of old and what is needed,” said Teppo Hemiä, CEO of Wirepas. “Wirepas finally makes massive IoT’s promise a reality by bringing a radical and revolutionary approach to unlock its full potential. Wirepas is also key contributor to the new non-cellular 5G standard of ITU-R.”

Laurence Garrett, Partner at Highland Europe said: “Wirepas isn’t just an incremental improvement over existing technologies – this technology is setting a new standard for what’s possible. By offering a solution that is cost-effective and scalable, Wirepas addresses the two most significant barriers to IoT adoption.”

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