UnaBiz, a Singapore-based customised IoT solutions provider, has secured over US$25 million in an oversubscribed Series B round led by Tokyo-based SPARX Group through its US$700 million Mirai Creation Fund II.
Other co-investors who participated in the round include CDIB Capital Growth Partners, a fund managed by Taiwan’s CDIB Capital Group; Singapore-based G K Goh Holdings; and TOP Ventures, the investment arm of Thaioil.
With this latest injection of funding, UnaBiz will scale its foothold in strategic regions, such as Japan, Southeast Asia, Europe, the Middle East and Africa.
So far, UnaBiz has set up two offices in Taiwan and Japan, besides its headquarters in Singapore.
The startup also plans to strengthen the growth trajectory of its latest data platform UnaConnect, which aims to bridge the gap between fragmented IoT data collection technologies and enterprise systems.
“The IoT industry has become too fragmented, and it is our mission to simplify it and eradicate frictions to truly enable massive IoT, from 0G to 5G,” said Henri Bong, co-founder and CEO of UnaBiz. “Our vision is to accelerate corporate digital transformation with optimised end-to-end solutions which include hardware, software and connectivity.”
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Launched in 2016 by Henri Bong, UnaBiz aims to provide scalable, energy-efficient IoT solutions for firms in critical verticals, such as aerospace, facilities management, F&B, healthcare, logistics, supply chain and smart cities.
Its unique selling point lies in its advances in hardware designs and the company’s deep connection to Singapore and Taiwan’s supply chain and innovative ecosystem. UnaBiz counts sizable firms in Japan (Nippon Gas), Taiwan (Shin Kong Communications), Singapore (UEMS), and more among its clientele.
One of its prominent partners is French low-power wide-area network (LPWAN) provider Sigfox, which together rolled out the first IoT network in Singapore at a 95 per cent outdoor coverage island-wide in 2017.
UnaBiz claimed that the firm reached a triple valuation in its Series B compared to the last round, with total funding of US$35 million since inception.
In 2018, UnaBiz raised over US$10 million in its Series A funding round led by corporate VC arms of Global Brain and ENGIE.
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Image Credit: UnaBiz
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