Chennai-based IoT and machine-to-machine (M2M) technologies firm Nimble Wireless Pvt. Ltd., has raised $500,000 from seed-stage VC firm AngelPrime.
The company will use the funds to develop new technologies, expand research & development capabilities and also marketing.
Siva Sivakumar, co-founder & CEO, Nimble Wireless, said:
“We are working on launching next generation products and solutions with more advanced features and technologies such as advanced environmental sensors, BLE, better battery life and location accuracy.”
“We will leverage AngelPrime’s expertise in accelerating the scaling up process and build leadership in our existing markets, both in the US and in India,” he added.
The company was founded in 2006 by an engineer and management graduate Sivakumar and software engineer Senthil Nathan. Nathan has previously worked at Intel and American Megatrends.
Nimble Wireless helps customers to wirelessly connect, control and manage their remote assets. The company provides M2M and connected wireless products and cloud-based software services encompassing cellular, GPS, and bluetooth and Zigbee technologies. The company offers its services to verticals like transportation & logistics, telecom infrastructure, green energy and healthcare industries.