floLIVE, a provider of secure, cloud-native connectivity platform to enterprises, mobile operators, and cloud providers, raised $21.5 million in a Series B funding round. The platform comprises local core networks that provide local connectivity while being centrally managed and controlled over the cloud.
83North led the funding round with participation from Dell Technologies Capital, Saban Ventures, and Qualcomm Ventures.
The company plans to use the new funds to expand its business operations in Europe, Asia, and North America.
Yoram Snir, Partner at 83North, said: “floLIVE’s rich technology stack and overlying solutions have been field-proven for the last decade and are well-positioned to serve the stringent demands of the IoT connectivity market.”
As part of this round, floLIVE has announced the appointment of Nir Shalom as its new CEO. Before joining floLIVE, Nir served as General Manager of AT&T Israel and Vice President of Network Application Development of AT&T. He had previously led the EMEA operations for Interwise – a provider of Voice, Video and Web Conferencing solutions over IP.
Image Credit: floLIVE