floLIVE secures £11.2m Series B follow-on investment led by Intel Capital to launch a global 5G network
The funding round was led by Intel Capital with participation from existing backers including Qualcomm Ventures and Dell Technologies Capital.
floLIVE operates a global cellular network and connectivity management platform tailored for internet of things applications. The firm provides localized connectivity solutions designed to help enterprises and mobile operators manage devices seamlessly across international markets.
IoT connectivity provider floLIVE has secured £11.2m in a Series B follow-on financing round led by Intel Capital. The investment includes participation from existing backers including Qualcomm Ventures, Dell Technologies Capital, 83North, Saban Ventures and Arie Capital, bringing the firm's total Series B funding to £27m. The capital will be used to deploy a new global 5G network, strengthen the technology stack and build out a SIM2Cloud offering.
The funding follows rising demand from enterprises for secure private 5G networks, particularly in sectors such as manufacturing, logistics, healthcare and utilities. floLIVE operates a cloud-native software-defined connectivity infrastructure designed to offer flexibility and performance across public and private networks.
From the founder
"We see significant traction in the market for 5G network solutions, with private 5G networks being the indisputable leading solution for both private campuses and national deployments,"
Nir Shalom
CEO at floLIVE
Investor perspective
"We are truly excited about floLIVE's unique cloud-native approach to IoT connectivity,"
David Johnson
Managing Director, Intel Capital
Use of funds
- 01Continue product development
- 02Build out infrastructure
Investors
David Johnson
Intel Capital
Qualcomm Ventures
Dell Technologies Capital
83North
Saban Ventures
Arie Capital
