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Haltian signs off EUR 4.5 million funding at Slush

Haltian delivers connected custom devices, end-to-end IoT solutions along with the services required to get them built and keep them running.Haltian

Finnish technology company Haltian has announced the closing of a 4.5 million-euro funding round to accelerate its commercial IoT solutions business.

The funding round was led by Finnish VC company Inventure with a three million-euro investment in Haltian. The remaining funding was obtained from a group of existing and new investors.

Spurred on by the 4.5 million-euro funding, Haltian expects rapid growth in the upcoming years and aims to become a leading IoT solutions provider in selected enterprise IoT markets.

“Our strategy where we focus on smart washrooms, offices and production facilities allows us to serve selected large enterprises well and grow fast in a controlled manner,” said Pasi Leipälä, CEO and co-founder of Haltian. “Globally commercial IoT is just about to take off, so our timing seems to be optimal with our hardware, software and services offering.”

The Finnish company offers easy-to-scale commercial IoT solutions to enterprise customers through its Thingsee IoT platform and has grown its IoT business by 1 500 per cent since 2017.

Haltian and Inventure management oversee the closing of the significant funding round at the Slush 2018 startup event in Helsinki, Finland. Image: Haltian
Published on 19.12.2018