Blues, an Internet of Things (IoT) connectivity solutions company, announced the closing of its latest $25 million funding round led by Sequoia Capital. Blues has previously raised $66 million in funding.
How the funding will be used: The funding round will support the company’s growth, fuel further product innovation, and enable Blues to deliver on its mission to help the world’s physical product makers transform their offerings into data-driven intelligent services.
What Blues does: Blues solves the most significant challenges associated with IoT connectivity, making it easy to connect any physical product to the cloud securely. And companies of all sizes, from established enterprises to emerging startups, are depending on Blues as a key partner in transforming their businesses.
For example:
Refrigeration manufacturers are incorporating connectivity and intelligence to track temperature compliance, minimize product loss, and provide a fully managed service.
Logistics providers are connecting forklifts, pallets, and products across warehouses for optimizing placement, retrieval, and operational safety.
Automotive battery vendors are improving battery life and enabling remote monitoring to reduce long-haul truck idle time, lower diesel consumption, and cut emissions.
And one of the world’s largest suppliers of power grid components is enabling remote control of customer equipment to reduce electric demand during peak energy days and weather events.
Customers are utilizing Blues’ extensive experience to accelerate the launch of new products and services from idea to impact, with Blues helping them to identify and address the full suite of business challenges involved in transforming their physical products into intelligent services.
Setting it up: With Blues’ integrated hardware, software, and cloud technologies, companies can easily connect and manage their products wirelessly, unlocking real-time data to improve operations. And Blues stands alone as the only IoT provider to support all major wireless standards (2G/3G/4G/5G cellular, Wi-Fi, LoRa, and Satellite) in a single, plug-and-play format with a straightforward Application Programming Interface (API).
Whether enabling seamless fallback across networks or future-proofing devices against sunsets, Blues makes secure and reliable connectivity effortless so that businesses can focus on the value of the insights their devices deliver. With Blues, companies can easily connect and manage their products wirelessly, unlocking real-time data to improve operations.
Board member: Sequoia Managing Partner Roelof Botha has joined the board of directors.
KEY QUOTES:
“We’re in an age of intelligent machines. The opportunity to reimagine every physical product around the data they produce, and to improve life and the environment, is staggering. For years we’ve been working with visionary enterprises looking to transform their businesses toward service delivery. This funding will help us to accelerate our growth so we may address the breadth of this opportunity.”
Ray Ozzie, founder of Blues
“Blues enables companies to transform physical products into intelligent, cloud-connected systems that drive operational efficiency and unlock new revenue streams. The team’s technical prowess and developer focus, along with a fundamentally lower cost solution, positions Blues at the vanguard of the embedded intelligence revolution.”
Sequoia’s Botha
