What is RAKwireless?
Founded in 2014 and headquartered in Shenzhen, China, RAKwireless is a prominent provider of innovative Internet-of-Things (IoT) products. The company's technology portfolio includes WisBlock, LoRa, and Cellular LTE solutions, alongside integrations with Amazon Alexa, Wireless Video Solution, and Apple HomeKit. RAKwireless serves a global community, delivering essential components for the rapidly expanding IoT ecosystem.
How much funding has RAKwireless raised?
RAKwireless has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from Shunwei Capital and Hong Kong NWS Holding Limited
Key Investors in RAKwireless
Shunwei Capital
Shunwei Capital is a leading venture capital firm that specializes in investing in technology-driven industries, with a particular focus on the Internet of Things (IoT) sector. They support startups and growth-stage companies aiming to innovate and expand in technology markets.
Hong Kong NWS Holding Limited
Hong Kong NWS Holding Limited is an entity that has participated in this funding round. Further details regarding their specific investment focus or domain are not publicly available.
What's next for RAKwireless?
The recent major strategic investment signals a new phase of growth and expansion for RAKwireless. This capital infusion is expected to accelerate product development, enhance market penetration, and further solidify its position as a leader in IoT hardware and solutions. The company is poised to leverage this financing to scale its operations and capitalize on emerging opportunities within the connected device landscape.
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