Semtech Announces Investment in myDevices For Commercialization of IoT Applications
myDevices intends to use the proceeds from this Series A funding to advance the functionality of its Cayenne™ platform. Semtech and myDevices will collaborate to accelerate the prototyping and commercialization of smart IoT applications by providing a user-friendly platform to developers and organizations that connect sensors enabled by Semtech's LoRa technology to private and public low power, wide area networks (LPWANs).
"The investment comes on the heels of myDevices' one-year anniversary of launching our Cayenne IoT Project Builder and achieving the milestone of acquiring a community of over 120,000 developers," said
"During the last 18 months, the global deployment of LoRaWAN™-based networks has been proceeding at a rapid pace," said Marc Pegulu, Vice President and General Manager of Semtech's Wireless and
Supporting the LoRaWAN specification, the myDevices Cayenne software is being used in current and planned deployments of smart IoT applications and networks by the LoRa Alliance™ ecosystem.
myDevices, an IoT solutions company, is the creator of Cayenne, the world's first drag-and-drop IoT Project Builder, which enables customers to bring their IoT projects from prototype to mass production. The company also hosts a vibrant online community of IoT developers where users collaborate and share information. myDevices' connectivity and device-agnostic technology empowers engineers and enterprise partners to easily develop and deploy IoT solutions into their existing infrastructure and business. myDevices is headquartered in
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Semtech Corporation Ronda Grech, 805-480-2193 firstname.lastname@example.org myDevices Jake White, 310-702-4955 email@example.com Investor Contacts: Semtech Corporation Sandy Harrison, 805-480-2004 firstname.lastname@example.org
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