Wirepas secures approximately EUR 10 million for non-cellular 5G
Wirepas secured approximately EUR 10 million from Karma Ventures and Tesi to accelerate a non-cellular 5G connectivity product.
Evidence notes
- Existing investors Karma Ventures and Tesi supplied approximately EUR 10 million.
- The capital was directed toward development of Wirepas non-cellular 5G technology.
- Wirepas targeted a 2022 commercial launch for the standards-based connectivity product.
Company context
Wirepas develops large-scale wireless mesh networking software for metering, tracking, monitoring and control. Its decentralized architecture is designed for resilient, low-power connectivity across dense industrial device fleets.