- floLIVE — a provider of secure cloud-native global Connectivity Management Solutions for the Internet of Things (IoT) — announced recently that it raised $21.5 million in funding
floLIVE — a provider of secure cloud-native global Connectivity Management Solutions for the Internet of Things (IoT) — announced recently that it raised $21.5 million in funding. And the company also appointed Nir Shalom as the company’s new CEO. This round of funding was led by 83North and it included Dell Technologies Capital, Saban Ventures, and Qualcomm Ventures LLC.
And floLIVE is going to invest the funds to increase its presence in Europe, Asia, and North America as well as accelerate its market awareness programs. Powered by its globally distributed connectivity cloud, floLIVE will address the growing demand among enterprises for secure and seamless connectivity across the globe with unified management and control.
This layout enables customers to benefit from local connectivity in its ever-growing geographic footprint while complying with emerging regulations and ensuring high performance, low latency, and improved coverage.
“After a comprehensive search process, we are pleased to have found an outstanding individual to assume leadership of our young company and turn it into the leading provider of Global Connectivity Management Services,” said Boaz Goldman, Chairman of the board at floLIVE. “Nir brings extensive experience in leadership and management of technology companies and has intimate knowledge of the telecom industry.”
Before joining floLIVE, Shalom served as General Manager of AT&T Israel and Vice President of Network Application Development of AT&T. And he had previously led the EMEA operations for Interwise, a global provider of Voice, Video and Web Conferencing solutions over IP.
“We are witnessing a growing demand for seamless, global and secure connectivity services among enterprises and are in a great position to serve this market with our advanced platform and deep market understanding,” added Shalom. “Many solutions in the market provide some of the required elements, but no single vendor offers a holistic service like ours.”
floLIVE’s platform was primarily built to address the needs of modern enterprises by providing global, secure, and regulatory-compliant connectivity that offers “zero-touch” operation with unified management and control regardless of the device’s country or network operator.
“We have great faith in the floLIVE team and are confident in their ability to be a leading provider of global connectivity solutions as-a-service,” explained Yoram Snir, Partner at 83North. “floLIVE’s rich technology stack and overlying solutions have been field-proven for the last decade and are well-positioned to serve the stringent demands of the IoT connectivity market.”
