Singapore Technologies Telemedia, a sought after globally acclaimed investor in media, communications and technology sectors, announced investment in California-based Greenwave Systems, known for its IoT and managed service offerings.
The award winning internet of things platform of ST Telemedia enables enterprises and service providers to offer high-end managed services to consumers and has a bright future in the upcoming IoT -driven era.
ST Telemedia led the way in recently concluded US$45 million Series C funding round of Greenwave. Proceeds from this investment round are likely to be used by Greenwave to grow globally and execute other strategic initiatives. ST Telemedia has been looking forward to continuing its investment strategy into future-centric technology platforms for a long time, and this investment is another initiative that justifies company’s approach.
The future of IoT is shining bright amid expectations of having over 20 billion IoT devices in the world by the end of 2020, and ST Telemedia doesn’t want to leave any stone unturned cash in this opportunity.
Greenwave is active in providing connected lighting, home automation, M2M services, energy management and energy management. Its AXON platform helps users to manage new applications and devices on operator network by controlling the home gateway and providing the scale on a cloud instance. You can click here and know more about Greenwave and its offerings.