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IoT connectivity startup Teal Communications raises $9.1M
April 19, 2021 at 4:48 pm
Teal Communications co-founders Robert Hamblet (left) and Michael Johnston. (Teal Photo)
New funding: Teal Communications raised $9.1 million for its networking service used by Internet of Things device operators and others.
The tech: The Seattle-area startup operates an “eSIM platform” that lets companies connect their IoT devices to thousands of carriers by installing a standard or physically embedded SIM card. The startup has customers across industries such as oil & gas, healthcare, transportation, and more. It has access to more than 2,000 networks in 195 countries.
The idea is to help a drone manufacturer, for example, get its devices connected to the internet in a cheaper way than going directly to one mobile broadband provider. Teal’s software automates connectivity based on variables such as price, coverage maps, and network quality.