China Helps Internet Of Things Startup Ayla Raise $14.5M

Ayla Networks, an Internet of Things (IoT) platform provider focused on connecting devices to its cloud platform, announced today that it has closed a $14.5 million Series B financing round with new investments from Cisco and SAIF Partners, one of China’s largest venture capital firms. Other investors in this round included the International Finance Corporation, a member of the World Bank Group; Linear Venture; SJF Ventures; Crosslink Capital and Voyager Capital.
Instead of businesses or consumers having to understand a product or object at a manufacturer or engineer’s level, backers said Ayla’s interface is adaptable and user-friendly.