IoT and M2M connectivity company Globetouch closes $40M Series C

Globetouch, a company providing IoT/M2M connectivity for connected vehicles and original equipment manufacturers raised a $ 40M Series C round this week. Hermes Growth Partners, Spark Telecom Ventures and Wholesale and Impact Venture Capital participated in the latest round.

GStack Platform

Customers can use the Globetouch GStack platform to deploy IoT/M2M services. Its client based includes mobile operators, M2M service providers, MVNOs, OTT providers, connected devices OEMs, and device distributors.

Other core products of Globetouch are GConnect, GControl, and GFusion. The company uses the GStack platform to host multiple use case apps for IoT connectivity.

IoT Applications

The startup boasts having customers such as Huawei, Verizon, Volvo Eicher, and HP. Globetouch also acquired two companies since last year. It acquired Teramatrix Technologies, an M2M & IP infrastructure monitoring company in June this year. Before Teramatrix, Globetouch also acquired Fogg Mobile, a startup creating services for IoT.

Postscapes: Tracking the Internet of Things

Honeywell backs out of $40M Zonoff acquisition

Zonoff, a home-automation startup just closed doors as the plan to sell the company to Honey Well fell-through. The $ 40M deal did not materialize. As a result, Santa Monica, Calif.-based “video doorbell” maker Ring hired the top management and more than 70 employees of Zonoff.

Zonoff was a promising ShaaS (smart home as a service) startup that raised $ 35.6M in 2 Rounds from 2 Investors. Icontrol and, two leading competitors of Zonoff had already sued Zonoff and SecureNet for patent infringement. Interestingly, Honeywell had filed an antitrust case against Icontrol and which it dropped after cancelling Zonoff acquisition. Apparently, Honeywell struck a deal in exchange for some kind of indemnification or licensing deal with and Icontrol.

Postscapes: Tracking the Internet of Things