Sirqul, the provider of IoT platforms has raised $3 million in an additional series A investment round led by Miteno USA, bringing the total first investment round to a total of $9 million. Sirqul claims that the investor’s confidence is led by the company’s ability to help organizations rapidly adopt and deploy IoT and mobile applications for creating new ecosystems focused on engagement and automation. Sirqul’s Engagement-as-a-Service (EaaS) platform leverages more than 60 APIs, machine learning algorithms, and existing application templates to fundamentally reimagine the connected world.
Min Zhang, President of Miteno, USA, says, “Sirqul brings complex ideas to life by providing configurable iOS, Android, and web-based application templates that help product development teams kick-start innovation. We are looking forward to seeing what enterprises and startups will create and how they will enhance their existing offerings using Sirqul’s platform.”
Besides being one of the major cellphone tower manufacturers and operators in China, and aiming to become the leading provider of telecommunications and information technology, Miteno, that has invested in Sirqul, has made significant investment in IoT, mobile and smart city infrastructure. With offices in Beijing and San Francisco, Miteno has deep experience and knowledge in communications infrastructure, broadcast services, and wireless and mobile Internet services, and next-generation information technologies that connect and power our customer solutions.
“Sirqul’s technology platform is very complementary with Miteno’s growth plan. As a strategic investment partner, Miteno will further Sirqul’s global expansion into the Chinese and other Asian markets,” says David Liu, Chairman of Sirqul.
Sirqul enables the rapid conceptualization, development, deployment, and monetization of connected IoT applications. It claims to remove the complexity associated with scalable, enterprise quality software and enables the rapid deployment of interoperable IoT ecosystems based upon plug-and-play APIs, tool kits, and starter projects. Before it raised this additional series A funding, Sirqul was able to make substantial technical and commercial progress by already raising $5 million from prominent Angel investors and institutional investment from Compal Electronics.
“Sirqul unlocks the value within the Internet-of-Things and mobile applications to empower ecosystems to drive efficiency, ROI, engagement, and new revenue streams via monetizable hardware and software solutions,” says Robert Frederick, CEO, Sirqul.”