Dublin-based internet of things (IoT) company Davra has secured significant funding from AIB, with 20 jobs in the offing next year, 15 of which will come to Ireland.
Davra bagged funding from a bunch of investors through the AIB Seed Capital Fund, with The Irish Times reporting that a combination of Delta Partners and Investec Ventures were included in the deal.
“We’re helping customers connect like they’ve never connected before, and this is only the beginning,” said Davra Networks chief executive Paul Glynn.
“We are currently working with prospective customers in 43 countries right around the globe. Our investors have been crucial to Davra’s success story.
“They engaged with us long before anyone had even heard of the internet of things. They got it and they could see the logic in what we were saying. Through their investment and understanding, they have helped us take the next step in our global growth strategy.”
Meanwhile, on Newstalk this morning, Glynn discussed plans for a new location in Dublin, which has yet to be confirmed.
The funding will be used to bolster Davra’s R&D operations and hire staff in front-end development and tech support, with the overseas roles related to company plans to develop business in Germany, Dubai, South America and Australia.
Last year, Glynn was named one of the Top 25 Disrupters among channel-focused tech business by CRN in the US, along with the CEOs of HP and Amazon.
The entry in CRN’s list recognised Glynn and the Davra Networks team for the development of their RuBAN software platform, which allows systems integrators and value-added resellers (VARs) to quickly and easily provide a range of practical solutions in the cloud for the IoT market.
Established in 2011, Davra has made big moves in the US in recent years, partnering with Cisco to offer IoT solutions, the city of San Diego to manage the tram network, and integrator Presidio to enable connected school bus services in Texas.
Updated 9am, 19 November 2015: With added information about Davra’s plans and additional quotes from Paul Glynn
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