NEWS1 May 2014

IoT tech firm EVRYTHNG raises $7m in series A investment

Financials News North America UK

UK/US — EVRYTHNG, a software company that ‘makes products smart by connecting them to the web’, has secured $7m in series A funding.

The investment round was led by international technology investment firm Atomico, private equity investors BHLP LLC, venture capital firm Dawn Capital and Cisco, which will also be enabling the integration of EVRYTHNG’s software platform with Cisco’s IOX, CMX and gateway devices.

Niall Murphy, CEO and founder at EVRYTHNG (pictured) said: “The Internet of Things will affect every aspect of business operations and customer experience. It’s incredibly exciting to be right at the heart of this massive technology disruption and to have support for EVRYTHNG’s technology and vision from Cisco, alongside leading investors BHLP, Dawn Capital and Atomico.

“The investment allows us to accelerate our mission to connect every individual product to the web with its own intelligent online identity, working with global product manufacturer and retail brands.”