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Our strategy at Ants Capital is to focus on the leading platforms in particular market segments and select winners, said Yin Min, managing partner of Ants Capital. The Internet of Things will be the next area where major winners will emerge, and we invested in Ayla because it has unmatched traction inside China and globally with leading manufacturers making IoT products. Aylas strategy and IoT platform is a clear fit with the direction of manufacturers worldwide. Ayla is fast becoming one of the leading IoT platforms for OEMs that are manufacturing and shipping IoT products globally, said David Friedman, CEO and co-founder of Ayla Networks. With IoT clouds operating in multiple regions worldwide, and with major customers continuing to expand their Ayla-powered IoT product lines, Ayla believes that the when of the IoT is right nowand that Ayla Networks is well positioned to help manufactures take advantage of growing market for connected products. Customer Base and Employee Count Growing Rapidly Ayla has become the number-one IoT platform provider for manufacturers in many markets, including home appliances, residential and commercial HVAC (heating, ventilation, air conditioning) systems, water heaters, water softeners, and home fire and safety products. During the past year, the company has announced new or expanded relationships with manufacturing customers that include Changhong, Dimplex, Fujitsu General, Hampton Brinks, Hunter Fan, Kidde, LockState, Ozner, TCL and United Technologies Electronic Controls (UTEC). Within one year, Ayla has more than doubled its employee headcount. To give its growing staff more room to work, the company recently moved its U.S. headquarters to a new building in Santa Clara, Calif., with 34,000 square feet of office space. Ayla at the Forefront of IoT Market Growth We are at the threshold of a technology explosion that will see, in a few short years, each of us hosting several dozen connected devices in our homes and on our bodies, thanks to the IoT, said Tom Kerber, director of research at Parks Associates.
For the original version including any supplementary images or video, visit IoT Platform Provider Ayla Networks Announces $39 Million in Series C Financing - Yahoo Finance
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