Sigfox taps new funding to expand its IoT network around the world

The company has plans for coverage in 25 countries

With US$115 million in new funding, French company Sigfox plans to expand its dedicated IoT (Internet of Things) network around the world.

Sigfox's technology lets devices transmit messages with up to 12 bytes of data at slow speeds, but low connection costs and energy-efficient radios make it a good fit for sensors, smart meters and location trackers.

After building networks in France, Spain, the U.K., the Netherlands, Sigfox will accelerate European, Asian and American network rollouts in the coming months. The company plans to build out coverage in 20 countries, including the U.S., Singapore, South Korea, Japan, India, Germany, Italy, Brazil and Argentina.

Sigfox is taking a different tack in the U.S., where it will build a network on its own instead of finding a local partner, its usual practice. Finalizing a partnership would take six to nine months, and CEO Ludovic Le Moan doesn't want to wait that long.

"We need to go fast and keep up the momentum," he said.

Initial coverage in the U.S. will include San Francisco, Los Angeles, San Diego, Washington, Boston and New York.

"If you cover the main cities, you can build a real business," Le Moan said.

That business will include networking gas, electricity and water meters, security systems, and products used to track pets, bikes and cars. Using chipsets that have been developed to work with Sigfox's networks, it is possible to build a tracking product that costs just €20 ($23), according to Le Moan.

Attracting startups is an important part of Sigfox's strategy. For example, the company is part of the jury at a pitching event for Internet of Things startups during the Mobile World Congress in Barcelona next month.

Business from startups may not drive revenue for Sigfox immediately, but is key for future growth, Le Moan said.

Sigfox's technology uses spectrum below 1GHz to send data. That means networks can be built using less equipment and devices can use inexpensive antennas, which makes the technology appropriate for networking IoT devices, Le Moan said.

Sigfox is competing with a variety of vendors as it races to raise its profile and grab market share in the low-power, wide-area network (LPWAN) sector, which is still in its infancy.

The new funding comes from operators such as Telefonica, SK Telecom and NTT DoCoMo. These are good partners to have, as Sigfox aims to make its technology part of not only its own cellular networks, but those built by other companies laying the groundwork for 5G infrastructure.

Send news tips and comments to mikael_ricknas@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags Internet of ThingsinternetSigFox

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?