Ayla Networks, the global leader in Internet of Things (IoT) platform-as-a-service (PaaS), today announced that it has raised $60 million in Series D financing led by Run Liang Tai Fund (RLT) and Sunsea Telecommunications Co. Ltd. The funding will be used to further expand Ayla’s product capabilities to help large enterprises extract IoT data and transform it into business intelligence, and to expand its ecosystem network of partners and application providers.
Ayla’s early focus has been in markets such as HVAC, large and small appliances, water management and home control. More recently, the company has expanded into serving large retail, industrial, telco and service provider, and medical markets. From these markets, the amount of data flooding into the platform is growing 5x year over year. With this growth comes significant opportunities for Ayla’s customers to leverage applications provided by Ayla and its ecosystem partners to drive new services and enhance operating efficiency.