RAKwireless: Closes $10M Series A Funding Round

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  • RAKwireless Technology Co., Ltd., a Shenzen, China-based provider of LPWA end-to-end solutions, closed a USD10m Series A funding round
  • The round was led by Hong Kong NWS Holding Limited, followed by Shunwei
  • The company intends to use the funds to advance the production of high-performing infrastructure and edge devices, and further market its IoT initiatives
  • RAKwireless deliver tools that eliminate barriers in IoT connectivity enabling innovators and commercial enterprises to build the right environment for their property.
  • The brand has held partnerships with some of the world’s leading tech players such as: Apple, Amazon, Alibaba, Tencent, and Microsoft
  • From its headquarters in Shenzhen, R&D center and office in Xi’an and Beijing, China, the brand has reached the rest of Asia, Europe, America, Australia and Africa
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
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