Mesh-networking startup HypeLabs secures $3M to provide Internet-free connectivity
by Startacus Admin
HypeLabs, the leading software-only mesh networking provider raises $3m to strengthen its team and to support its international growth plans
Further investment news today with the announcement that HypeLabs, the leading software-only mesh networking provider have secured a $3 million seed round led by innogy Innovation Hub. Other investors in the round include EDP Ventures, Deutsche Telekom, AngelPad, Caixa Capital, NovaBase Capital and Mustard Seed.
The company, which was founded in 2016 in Porto, Portugal, and is an alumnus of AngelPad batch#10, enables internet-free communication via mesh networking through its Hype SDK (Software Development Kit). The SDK connects devices to create local mesh networks that work across any operating system and transport channel using existing connectivity technologies such as Bluetooth and Wi-Fi, enabling content to securely hop between devices until it reaches a destination or an internet exit point.
The funding will be used both to strengthen the HypeLabs team and to support the startup’s international growth plans.
Speaking on the news, the CEO of HypeLabs, Carlos Lei said: “In a world where we see more connected and smarter devices in our daily lives, new connectivity paradigms need to emerge. Our goal is to simply connect every device even in situations where they couldn’t before, by building networks that self-configure, self-heal, self-optimise and self-protect. It’s time to bring intelligence to the networking stack, and this new partnership with, and investment from, innogy will allow us to keep growing internationally, as well as focus on one key market – the energy utility one.”
Kerstin Eichmann, Strategy Lead, Machine Economy at innogy Innovation Hub added:
“What makes HypeLabs special is that they don’t rely on specific hardware or specific radio channels to manage the network. It has a huge number of use cases, adding another layer of connectivity for connected devices that can be implemented simply on the application layer. We are particularly excited about the role of this technology within the decentralised IoT-based energy system where smart homes will require smart, resilient and reliable connectivity,”
We look forward to seeing where this investment and new partnership will take this connectivity focused startup.
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Published on: 10th December 2019
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