IoT Specialist Telensa Raises $18M

Telensa, which provides end-to-end smart city solutions incorporating low power wide area (LPWA) wireless technology, today announced funding of $18M to fuel its next stage of profitable growth. The funding includes equity funding from Environmental Technologies Fund and debt funding from Silicon Valley Bank. It will be used to support expansion to meet growing demand in the smart cities market.
Telensa makes wireless smart city control applications, including the world’s most widely deployed smart streetlight solution, with over 50 city and regional networks deployed in 8 countries and a project footprint covering over 1 million streetlights.