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.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
Insights from a discussion with Speedinvest, Amplifier, La Famiglia and Redstone, four of Europe’s leading early stage venture funds, on current VC funding for female founders and what changes are needed
Carverter is an online platform that’s on a mission to help us all to switch to greener cars sooner, by providing independent advice and comparisons in one handy place
Effective branding should reflect your business and what you're about - this advice and these tips will help you ensure that it does just that
The FreelanceHER 100 accelerator programme launches to empower Manchester-based women working in digital, creative, media and technology to meet their business needs and growth ambitions
The innovative car management app, Caura releases a new insurance product to help reduce the cost and time taken to insure a car
The innovative Spanish startup on a mission to help us have a greener future by disrupting how we can source electricity from nature
.jpeg)
If you're considering starting up an online business, here are a few of the key ways that you can intensify what you do to sell more
Published on: 10th December 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- UK-based startups sought for The Debut Sessions Christmas Special 1st Dec 2020 Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
- Primer secures £14 million Series A funding 30th Nov 2020 Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
- Derry student wins Prospect 100's global sneaker design competition 30th Nov 2020 Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
- Top VCs discuss whether the pitch process is failing female entrepreneurs 26th Nov 2020 Insights from a discussion with Speedinvest, Amplifier, La Famiglia and Redstone, four of Europe’s leading early stage venture funds, on current VC funding for female founders and what changes are needed
