UnaBiz, a Singapore-headquartered Internet of Things (IoT) solutions provider, announced raising $25 million in a Series B funding round anchored by asset management firm SPARX Group.
The oversubscribed funding round was also participated by CDIB, G K Goh, and Thaioil, according to the announcement. The fresh funds will be used to strengthen the startup’s foothold in strategic regions, such as Japan, Southeast Asia, and EMEA.
SPARX Group, an independent investment company, based in Tokyo, Japan, that manages over $15 billion worth of assets, led the round through the Mirai Creation Fund II, a $700-million fund backed by the likes of Toyota Motor Corporation and Sumitomo Mitsui Banking
UnaBiz, headquartered in Singapore with offices in Taipei and Tokyo, was launched in July 2016. It offers smart sensors and a cloud platform clients can use to manage utilities, such as water and gas meters, and track how much of the resources are being used, helping companies and their customers to use their water and energy more efficiently.
Its technology also allows companies to track and manage indoor air quality, temperatures, toilet usage, refrigeration, and rodent hot spots.
UnaBiz has been servicing Japan’s largest remote gas meter reading infrastructure, the largest autonomous tracked beer kegs fleet in Australia and New Zealand, and one of the most ambitious integrated facility management projects for an educational institution in Singapore.
UnaConnect, the company’s latest data platform offering, aims to bridge the glaring gap between fragmented IoT data collection technologies and enterprise systems.
“Our vision is to accelerate corporate digital transformation with optimised end-to-end solutions which include hardware, software, and connectivity. We look forward to growing our team in each area and working with vertical experts to champion a unified Low-Power Wide-Area Network (LPWAN) world,” said Henri Bong, Co-Founder and CEO of UnaBiz.
The latest funding round came three years after the startup raised over $100 million in its Series A funding round that established itself as a
recognised, tech-agnostic, and delivery-focused IoT service provider.