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High Tech Series C Founded 2015

floLIVE

floLIVE operates a global cellular network purpose-built exclusively for IoT, powered by a patented multi-IMSI over eUICC (eSIM) technology and a globally distributed, locally compliant core network. The company's full-stack platform offers seven services: CMP as-a-Service (connectivity management platform), Core as-a-Service (full GSM core network), Multi-IMSI SIM (single SKU that works consistently worldwide with…

📍 London, United Kingdom · Internet of Things Infrastructure

Funding snapshot

Last roundSeries C
Amount$47M
Date12 September 2023
Total raised$88M
Team size178

About

floLIVE operates a global cellular network purpose-built exclusively for IoT, powered by a patented multi-IMSI over eUICC (eSIM) technology and a globally distributed, locally compliant core network. The company's full-stack platform offers seven services: CMP as-a-Service (connectivity management platform), Core as-a-Service (full GSM core network), Multi-IMSI SIM (single SKU that works consistently worldwide with a global IMSI library), MVNE Platform (mobile virtual network enabler), Edge as-a-Service (local breakout for low-latency IoT applications), SGP.32 (eSIM remote provisioning), and CMP Aggregator. floLIVE serves three primary customer segments: mobile operators (MNOs) seeking to extend IoT connectivity without building new infrastructure, IoT MVNOs and connectivity service providers (offering MVNO in a Box and MVNE as a Service solutions), and global enterprises and OEMs needing seamless cross-border IoT connectivity. The platform is built on four pillars: Seamless (one platform to deploy, manage, and scale connectivity anywhere), Secure (built-in security and compliance controls), Adaptive (flexibility to evolve as markets, regulations, and use cases change), and Crazy-smart (intelligent optimization balancing performance, reliability, and cost). floLIVE differentiates itself through owning its distributed core network infrastructure, enabling local breakout for regulatory compliance and low latency, and its pricing model that charges only for active endpoints and consumed data rather than idle SIMs. Customers include Qualcomm, Netafim, Bayobab, Sparkle, Singtel, Telit Cinterion, Eseye, and Helix Wireless. Founded in 2015 and headquartered in Tel Aviv, Israel, floLIVE has raised $88.2 million in a Series C round backed by Greenfield Partners, 83NORTH, Qualcomm Ventures, Dell Technologies Capital, Intel, Saban Ventures, SB Ventures, and others.

Business model

Internet of Things Infrastructure > IoT Platforms > Connectivity Management

Institutional investors

Greenfield Partners 83NORTH Qualcomm Ventures Dell Technologies Capital Saban Ventures ARIE Capital Golden Sunflower Capital Intel MyBulb EMC ESOP Management And Trust Services Reznik Paz Nevo Trusts SB Ventures Shmuel Bezalel Arye Aberjel

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