iotcomms.io, provider of a serverless platform for real-time communications services, announces the successful closing of a 2.4 MUSD (20 MSEK) funding round to accelerate growth. The funding round was led by Fairpoint Capital, a Nordic B2B technology Venture Capital investor focused on the next wave of high-tech breakthroughs.

iotcomms.io’s unique self-service SaaS platform, for mission-critical applications relying on secure Alarm, Voice and Video Communications, was launched in 2018 and has since attracted both large-volume Enterprise customers and market disrupters within sectors such as Healthcare, Alarm Industries and Telecom.

The platform, with secure and essential serverless communications building blocks, enables customers to save cost and move fast to market, and scales both in size and global markets.

We have a unique position with the digital shift happening in the healthcare and alarm industries and we can offer customers a smooth migration journey towards the public cloud and serverless architecture. With this investment, we can grow even faster.

We are happy and excited to have reached this agreement that will enable us to scale up and accelerate our growth journey. The interest for our recently launched Alarmbridge has been tremendous, so the investment will help us capture those opportunities and grow into new areas.

We are very excited to be partnering with the iotcomms.io team, board and shareholders in scaling up operations and further accelerating growth. We are impressed with what they have achieved so far, and we believe that iotcomms.io’s communication services will be a game-changer for mission critical real-time communication applications. We are delighted to be embarking on this journey together.

Co-investors are Telia Ventures, who invested in the company 2019 and Red Dawn Ventures.

For more information, please contact

Gunnar Reinholdsen
gunnar@iotcomms.io
+46 72 240 9595

Fairpoint Capital invests in iotcomms.io

Jörgen Björkner, Co-founder at iotcomms.io, Andreas Pennervall, Investment Director at Fairpoint Capital and Gunnar Reinholdsen, Co-founder at iotcomms.io.

About Fairpoint Capital

Fairpoint Capital is a B2B technology investment fund. We leverage on more than two decades of technology venture capital investments. Our investment focus is unique technologies and business models that are highly scalable. Preferably the products address global markets with strong growth drivers. Investments are focused towards the Nordic region.

For more information, visit fairpointcapital.se

About iotcomms.io

iotcomms.io, founded 2018 in Stockholm, Sweden, offers a cloud-native communication platform for real-time alarm, voice and video communication services. The platform is designed for critical applications and services attracting companies within sectors such as Security & Alarm, Unified Communication, Contact Centers, Smart Buildings and IoT. iotcomms.io’s APIs coupled with the company’s deep competence and experience in designing critical communication services, enable Solution Providers to build reliable and secure solutions that scale effortlessly – both in size and globally.

For more information, visit about iotcomms.io

Modern CPaaS built cloud-native from ground up – we run the operations for you so you can focus on your customers’ experience.

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UPTIME

Built for mission critical alarm, voice & video services – delivering superior reliability, security and availability.

Built with serverless functions in AWS for unlimited scale, reach and global deployment – extend to new markets quick and easy.

Magnus Ladulåsgatan 13, 118 65 Stockholm, Sweden