Press Release: thethings.iO closes its first round of investment with 250,000 euros
thethings.iO team working
thethings.iO, a startup accelerated by Wayra in Barcelona, helps businesses connect their devices to the Internet in a quick and easy manner so they can interact with other “connected things”.
Barcelona, July 6, 2015 – thethings.iO, the Spanish startup of ‘the Internet of things’ that currently resides in Wayra Barcelona, Telefónica Open Future’s startup accelerator, has closed its first round of investments with 250.000 euros. In this round, investors such as 101 startups, Toubkal Partners, Taurus Fund, Wayra and other business angels of ESADE BAN participated.
Marc Pous (CEO), Jose Manuel Pérez (CTO), Marti Zamora (Data Scientist), Alfredo Sanz and Mischa Dohler (advisor), are the founders of thethings.iO, the startup that came to life in 2014 under the slogan ‘You create cool things, we connect them to the Internet’. This startup strives to become the ‘cloud’ for IoT businesses at a global scale.
In order to connect devices to the Internet, there needs to be a platform in the cloud that allows these devices to interact with other devices, monitor them in real time, manage them, and reprogram or control these devices remotely. thethings.iO helps businesses connect their devices to the Internet in a quick and easy manner so they can interact with other “connected things”.
Companies that develop new hardware must design, create new prototypes, produce them and sell them. But in order for these objects to be connected to the Internet, there needs to be a mobile app and a platform in the cloud to manage and store the data generated by these devices. thethings.iO reduces the time and cost of this process, offering the developers, users and any company already operating on this platform, the visualization and data analysis such as remote management of devices and interoperability between them.
The platform of thethings.iO, that already has more than 2,500 registered users and thousands of connected devices, works with companies such as Telefónica, Econais, and Sigfox. Any company that works with IoT and needs to connect devices in wearables, homes or industries are their target market.
The capital generated will be invested in business development, marketing and communications in order to start their growth and expansion at a global scale. Also, this money will go to further their technical development of their platform ‘the Internet of things’ of thethings.iO.
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