Senet is a provider of cloud-based software and services that enable global connectivity and on-demand LoRaWAN network build-outs for IoT. Its core product is a cloud-based operating system and carrier-grade network management services that support rapid deployment, secure connection, and management of large numbers of low-power sensors. Senet operates the largest publicly available LoRaWAN network in the United States, offers coverage in over 80 countries, and its patent-pending Low Power Wide Area Virtual Network (LVN) has received industry recognition. The company offers Managed Network Services for IoT (MNSi) and RAN Provider Services and plans partner programs to facilitate engagement between network infrastructure companies and IoT solution providers. It will use the newly raised $16 million to accelerate deployment and densification of its LoRaWAN network across the U.S., expand global business development and co-marketing, and support utility and municipal network builds. Senet, launched in 2014, has seen increased demand from the energy and utility sector and has designed smart meter networks for municipal water districts representing millions of households. Senet provides a public Network-as-a-Service (NaaS) using a Low Power Wide Area Network (LPWAN) designed for low-cost, long-range IoT and M2M applications. The company operates an IoT/M2M marketplace and a countrywide network that supports monitoring of distributed assets such as residential fuel oil and propane tanks, water and gas meters, commercial lubrication distribution, and solar irradiance. Senet offers monitoring services to environmentally-conscious businesses for managing and measuring widely distributed assets. The company is based in Hudson, NH. It completed a Series A financing that included an A-2 offering and intends to use the proceeds to continue building out the hardware and software needed to support the Senet NaaS LPWAN offering. No operating metrics were disclosed in the article.

Total raised

$34M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2020