Sirqul Secures Additional $3M in Series A Financing, Bringing Total Investment to $9M
Miteno's investment helps to extend sales and marketing reach in the US and bring Sirqul's IoT solutions to China
SEATTLE, April 21, 2016 /PRNewswire/ -- Sirqul, Inc., pronounced "circle", today announced $3 million in additional Series A funding from Miteno USA Inc., closing the Series A round with a total of $9 million raised.
Investor confidence in Sirqul is driven by the platform's ability to enable companies to rapidly develop and deploy IoT and mobile applications to create new ecosystems focused on engagement and automation. The Sirqul engagement-as-a-service (EaaS) platform leverages over 60 plus APIs, machine learning algorithms, and existing application templates to fundamentally reimagine the connected world.
"Sirqul brings complex ideas to life by providing configurable iOS, Android, and web-based application templates that help product development teams kick-start innovation," said Min Zhang, President of Miteno, USA, Inc. "We are looking forward to seeing what enterprises and startups will create and how they will enhance their existing offerings using Sirqul's platform."
Besides being one of the major cellphone tower manufacturers and operators in China, Miteno has made significant investment in IoT, mobile and smart city infrastructure. "Sirqul's technology platform is very complementary with Miteno's growth plan," said David Liu, Chairman of Sirqul. "As a strategic investment partner, Miteno will further Sirqul's global expansion into the Chinese and other Asian markets."
Prior to raising the additional funds, Sirqul was able to make substantial technical and commercial progress by already raising $5 million from prominent Angel investors and institutional investment from Compal Electronics.
"Sirqul unlocks the value within the Internet-of-Things and mobile applications to empower ecosystems to drive efficiency, ROI, engagement, and new revenue streams via monetizable hardware and software solutions," said Robert Frederick, CEO of Sirqul."
About Sirqul
Sirqul™ (http://www.sirqul.com) provides an IoT Platform. Headquartered in Seattle, WA, Sirqul is led by Robert Frederick, one of the original technical founders of Amazon's first forays into Secure Mobile Commerce (Amazon Anywhere) and Amazon Web Services (AWS). Sirqul enables the rapid conceptualization, development, deployment, and monetization of connected IoT applications. Built upon decades of thought to create a connected world, Sirqul removes the complexity associated with scalable, enterprise quality software and enables the rapid deployment of interoperable IoT ecosystems based upon plug-and-play APIs, tool kits, and starter projects.
About Minteno
Beijing Miteno Communication Technology Co. Ltd. (SHE:300038) was founded in September 2004 in the Zhongguancun Science Park, Beijing, China's first national high-tech development zone. With a market cap of over 10.7B CNY and R&D offices in Beijing and San Francisco, Miteno has deep experience and knowledge in communications infrastructure, broadcast services, and wireless and mobile Internet services, to name a few of the next-generation information technologies that connect and power our customer solutions. Miteno remains dedicated to both independent innovation and sustainable development. Miteno is determined to become China's leading provider of telecommunications and information solutions and support services in China.
SOURCE Sirqul, Inc.
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