Qowisio, A French company that provides a low bandwidth internet of things (IoT) network has announced to have raised €10 million to build its first public network to cover France, a network that is expected to have full coverage (1,500 to 1,800 antennas) end of December.
The startup is however not a new player in the space as they have already built 18 private IoT networks for customers spread in 29 countries (Eastern Europe, Africa, Middle East). Their networks are currently transmitting 4.6 million messages daily.
The revenue of the startup is already expected to be in the €15 million range in 2015 after a cumulative revenue of €9 million in the previous years since its inception in 2009.
“We have already deployed ten of thousands network antennas for our various customers,“ said Cyrille Le Floch, CEO of Qowisio.
Qowisio is however not keen on unveiling the name of the customers, big companies in “the energy and the telecom“ sectors Le Floch said.
The startup is however not a new player in the space as they have already built 18 private IoT networks for customers spread in 29 countries (Eastern Europe, Africa, Middle East). Their networks are currently transmitting 4.6 million messages daily.
The revenue of the startup is already expected to be in the €15 million range in 2015 after a cumulative revenue of €9 million in the previous years since its inception in 2009.
“We have already deployed ten of thousands network antennas for our various customers,“ said Cyrille Le Floch, CEO of Qowisio.
Qowisio is however not keen on unveiling the name of the customers, big companies in “the energy and the telecom“ sectors Le Floch said.
Qowisio is using Ultra Narrow Band technology which provides a low cost, low power, long range network. Working with large companies looking after comprehensive solutions, Qowisio has developed a technology that covers the full stack of IoT from sensors, to the network, to the cloud and the final application.
Qowisio is part of a space that is heating up fast with LoRa and Sigfox technologies as competitors. But Qowisio is departing from the Sigfox pricing approach of a yearly fee per device.
“Our competitors are focussing too much on the network in the value chain, and they are applying an old telco model offering a per device per year fee. At Qowisio we believe this old model is not going to work in the IoT world. For example, there will be many devices that will have a very short lifespan. One of our customer for example have GPS beacons which are used a single time for 2-3 days to monitor the transport of assets. A per year pricing clearly does not work here.“
It will be interesting to see how the competition is developing in this space and enabling a larger range of tracking applications. One year ago it looked like there was not much competition on the Sigfox market, now the Toulouse company is just one among others.
Qowisio is part of a space that is heating up fast with LoRa and Sigfox technologies as competitors. But Qowisio is departing from the Sigfox pricing approach of a yearly fee per device.
“Our competitors are focussing too much on the network in the value chain, and they are applying an old telco model offering a per device per year fee. At Qowisio we believe this old model is not going to work in the IoT world. For example, there will be many devices that will have a very short lifespan. One of our customer for example have GPS beacons which are used a single time for 2-3 days to monitor the transport of assets. A per year pricing clearly does not work here.“
It will be interesting to see how the competition is developing in this space and enabling a larger range of tracking applications. One year ago it looked like there was not much competition on the Sigfox market, now the Toulouse company is just one among others.
Source:.gpsbusinessnews
No comments:
Post a Comment