Beijing-based mobile internet of things (IoT) solutions provider Terminus Technologies has won USD 100 mln in Series A+ funding from undisclosed sources. The company completed USD 8-digit Series A funding from IDG Capital Partners and a fund managed by China Everbright Group in May of last year.
Terminus provides solutions and sustainable operating platforms and systems for smart communities, smart offices, and smart parking lots with its self-developed and patented core smart hardware. Terminus uses smart hardware, cloud services, and mobile channels to create a complete municipal-level mobile IoT ecosystem.
To date, Terminus has completed 6,891 projects nationwide across 6,756 smart communities covering more than 554 mln square meters and serving 818 mln people.
Editor's Note: For more information on this topic, please see "Mobile IoT Solutions Provider Terminus Raises USD 8-digit Series A," MD 5/09/16 issue.