Actility: French Industrial IoT Startup Raises $17.3 Million – Business Insider

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Olivier Hersent, Actility CEO.

Pierre Laurent-Badin


  • Actility, a French IoT startup, just raised $17.3 million in fresh funds.
  • The Paris-based company sells IoT management software to enterprises.
  • Existing investors including telecom companies Orange and Swisscomm backed the round.

Actility, a French industrial Internet of Things (IoT) startup, just raised $17.3 million from investors.

The Paris-based company, founded in 2010, originally started out as a utilities company focused on energy. It went on to raise around $75 million to build out its products in 2017.

Since then, the company has pivoted to what was a nascent IoT opportunity. IoT is often associated with smart homes, where domestic appliances can often be controlled by smartphones. But its uses also span into the commercial world, where devices like oil and gas meters can be connected by telecoms systems.

Actility has developed IoT management software that it sells to enterprise customers, many of whom are investors in the business. Customers use the software to track and manage the masses of data tied to industrial maintenance. For example, the company has sold into businesses like energy giant Total, which uses Actility’s Low-Power Wide Area Networks (LPWAN) to monitor its refineries.

“We’re offering places like construction sites and industrial campuses the WIFI of IoT,” Olivier Hersent, founder and CEO at Actility, told Business Insider. “This industry was previously very fragmented but now things are organizing around new worldwide standards.”

As part of a renewed push in the IoT space, Actility acquired LPWAN business Acklio last month and could look at further consolidation as part of its new funding, Hersent added.

“We are actively exploring other verticals, maybe through acquisitions, in energy management for example,” he said. “Previously, no one cared about energy bills but as prices soar companies need to track every single lamp.”

The company’s funding comes from existing investors including telecommunications companies Orange and Swisscomm, industrial players like Bosch and Cisco, alongside funds like Eurazeo and BPIFrance.

Actility’s funding will also go towards supporting its customers globally with Hersent adding that it needed support teams across the different geographies it supports in the US, Europe, Oceania and Africa.

Check out Actility’s 11-slide pitch deck below:

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