|By Business Wire||
|April 30, 2014 01:00 PM EDT||
EVRYTHNG, the Web of Things software company that makes products smart by connecting them to the Web, today announces a $7 million Series-A investment round with international technology investment firm Atomico, New York-based private equity investors BHLP LLC, London-based venture capital firm Dawn Capital, and with a corporate investment by Cisco.
The funding and caliber of investors cements EVRYTHNG’s position as a globally recognized player in the Internet of Things ecosystem. The company continues to create value for its customers and partners with its intelligent identity platform managing the data flowing to, from and about the billions of new products and other objects becoming connected to the Web.
The investment will enable EVRYTHNG to realize its vision of every thing connected and execute its plan to implement the data management layer of Internet of Things - helping companies operate connected product applications, track in real-time huge numbers of products on the Web, engage customers directly through products, and manage all the digital information and services flowing between products, systems and people.
Niall Murphy, CEO and Founder at EVRYTHNG commented: “The Internet of Things will affect every aspect of business operations and customer experience. It’s incredibly exciting to be right at the heart of this massive technology disruption and to have support for EVRYTHNG’s technology and vision from Cisco, alongside leading investors BHLP, Dawn Capital and Atomico. The investment allows us to accelerate our mission to connect every individual product to the Web with its own intelligent online identity, working with global product manufacturer and retail brands.”
Mattias Ljungman, Partner at Atomico commented: “Since Atomico led its early stage round, EVRYTHNG has won awards and recognition as a pioneer in the Internet of Things. We believe this market represents a fundamental shift globally and is now rapidly accelerating as a high growth opportunity."
Jeff Burde, Investment Partner at BHLP commented: “The Internet of Things presents a huge and disruptive opportunity for global brands to both connect with their customers and supply chain directly and substantively as their products become smart and connected. EVRYTHNG has proved itself the partner of choice for some of the world’s leading brands to tap into the vast applications and opportunities that is the Internet of Things."
“With the Internet of Everything, we’re excited about the applications EVRYTHNG provides to give products a presence on the Web,” said Yoav Samet, Vice President of Corporate Development at Cisco. “Their efforts support our goal to connect the unconnected.”
Haakon Overli, General Partner, Dawn Capital commented: “As companies connect their products they need help analyzing and managing the huge amount of information produced and driving new applications and services. We believe there is significant value in the enterprise space addressed by EVRYTHNG’s unique and powerful software-as-a-service approach.”
BHLP, Cisco and Dawn Capital join EVRYTHNG’s original backers, leading VC firm Atomico (Founded by Niklas Zennström, Co-Founder of Skype).
EVRYTHNG is a Web of Things software company, making products smart by connecting them to the Web. Companies use EVRYTHNG’s software-as-a-service to manage their connected products, make product operations smarter with real-time tracking analytics, and help their customers connect to products in a smarter way.
The EVRYTHNG Engine helps companies to manage billions of intelligent online identities in the cloud for their products. World-leading manufacturer and retail brands work with EVRYTHNG to operate applications linked to individual items as they are made, sold and used, making their supply chains smarter and connecting products more cleverly to people's lives.