Cthings.co secures roughly $5 million in funding round to drive global expansion

Cthings.co notes that the timing of this investment is crucial as demand for its products and services continues to increase in the European and U.S. markets. With the rise of industrial 5G networks, Cthings.co says its solutions are well-positioned to meet the evolving needs of businesses in these regions.

Cthings.co CEO, Arnold Wierzejski, says: “The investment consortium is a group of the largest investors from the CEE region, and we are very positive about further cooperation on several levels – technological, business and financial.”

The company notes its solutions bridge the gap between IoT platforms, 5G connectivity, and industrial operations. According to Cthings.co, its offerings enable enterprise businesses to boost the potential of company processes and assets. Firms can optimize their operations by leveraging systems and data. Additionally, the company says telco businesses can benefit from Cthings.co’s offerings as they aim to enable them to monetize and expand 5G IoT solutions across different industries.

“We would like to thank all of those who have supported us so far – customers, partners, investors, team members,” states Cthings.co in a blog post. “We are excited to further develop our innovative solutions and help more customers turn hidden data into better decisions.”

Cthings.co was recently named one of the winners of the 5G Challenge held in Lisbon for its hybrid cloud platform, Orchestra.

Article Topics

5G  |  CThings.co  |  edge  |  funding  |  IoT