Boston, USA-based embedded connectivity startup Blues Wireless raised USD 32 million in Series A1 funding. The Series A1 round took place on January 6, 2022. Positive Sum led the financing for the firm. Meanwhile, new investors Four Rivers, Northgate, and Qualcomm joined in the funding. Besides, existing investors Sequoia, Cascade, Lachy Groom and XYZ provided the investment for the firm.
Purpose of financing for Blues Wireless
With the latest financing from the Series A1 funding, the company intends to accelerate growth. Besides, it also has plans to expand operations.
What the company’s official has to say
Ray Ozzie, Founder and CEO of Blues, said, “Even in these difficult economic times, enterprises will not hesitate to invest in transforming their physical products to be capable of remote monitoring and control. To date, connecting products to the cloud using cellular has been a time-consuming and expensive endeavour, fraught with risk. Complexity kills. Blues have taken a unique, developer-centric approach that simply eliminates complexity, from device to cloud, enabling products realistically to go from prototype to scale deployment in months instead of years.”
What the lead investor has to add
Alison Davis Riddell, Partner at Positive Sum, further said, “We are thrilled to be partnering with Blues. They are well-positioned to create an inflexion point in IoT. Blues is clearly the culmination of Ray’s life’s work, bringing to bear all of his experience and passion. The company has a strong market signal, with rapid growth and demand from some of the world’s leading companies to connect their products to the cloud securely, economically, and with unprecedented speed. Having worked directly in the IoT space for six years, I can confidently say that Blues’ approach is unlike anything we’ve seen, and the opportunity is tremendous.”
About Blues Wireless
Ray Ozzie launched the company in 2019. The USA-based Blues Wireless (Blues) is a hyper-scale cellular IoT solution provider. Blues Notecard and Notehub, businesses can connect their physical products to the cloud via cellular. Notecard and Notehub work together to provide a complete high-scale device-to-cloud data pump. Blues reduces the cost and complexity of building connected products by including provisioning, security, as well as cloud device management as standard features, with the simplicity and flexibility enabling it to be incorporated within new and existing designs. More than 800 companies, from startups to enterprises, use Blues to securely cloud-connect their products.
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