|By Business Wire||
|July 10, 2014 08:08 AM EDT||
Altierre Corp., a provider of ultra-low power long-range wireless technology for the Internet of Things and innovative applications that are transforming retail in over 1,000 cities, today announced that it has secured more than $21 million in financing that will be used to support the Company’s strategic global growth plans. The financing was co-led by new investor Stratim Capital and D.E. Shaw & Co., and included Altierre’s existing investors ATA Ventures, DuPont Capital Management, Labrador Ventures and Kinetic Ventures.
“Our proprietary wireless technology is installed at thousands of retailers’ stores today and this financing will provide the necessary resources to expand that to thousands more,” said Altierre Chairman and CEO Sunit Saxena. “We are now well capitalized to lead the charge in bringing the Internet of Things to retail aisles globally and enhance efficiencies within retail stores.”
“We are glad to join Altierre’s stellar group of investors,” said Zach Abrams, founder and managing partner with Stratim Capital. “There is a large market opportunity for Altierre to expand efforts with their low power wireless platform and applications, and this additional financing will help the company further penetrate the price and promotion automation process while enabling personalized marketing opportunities within the global retail market place.”
Altierre unlocks the promise of Big Data and the Internet of Things with its revolutionary wireless technology that enables devices to exchange data and instructions bi-directionally in a low cost, low energy, highly scalable network. Altierre’s proprietary networking and technology solutions enable retailers to:
- implement dynamic, intra-day promotional pricing,
- deliver point of decision customer interactive mobile communications (BLE/QR codes/NFC, etc.),
- optimize product placement through temperature, lighting and customer traffic monitoring,
- maximize inventory turn with out-of-stock shelf sensor devices, and
- leverage future innovations and applications that could potentially deliver billions of dollars of value in cost savings and additional revenue opportunities.
Millions of Altierre’s digital signs are currently installed and operating nationwide in retail stores in over 1,000 U.S. cities as well as several hypermarket stores across France operated by E.Leclerc, one of Europe’s leading retail chains.
About Altierre Corp.
Altierre Corp. is a leader in proven technology that delivers the promise of the Internet of Things. Altierre’s thin infrastructure, bi-directional, ultra-low power wireless solutions are already transforming the $12 trillion retail industry with a turnkey platform that allows millions of multi-year battery life wireless devices to seamlessly and securely communicate in large retail stores at the shelf edge or mobile racks, creating numerous, real time touch points with consumers, products and store associates, thus enabling an array of innovative applications. The new era of RF-based applications developed by Altierre offers retail chains unparalleled benefits, from realizing billions of dollars in cost savings and revenue opportunities to enhancing productivity, merchandising and the consumer shopping experience. The technology can easily be scaled into many more verticals including supply chains, manufacturing, automotive, homes, and defense, etc. Incorporated in 2003, Altierre is headquartered in San Jose, Calif. For more information, visit www.altierre.com.
About Stratim Capital
Stratim Capital is a leading secondary direct private equity firm that provides liquidity for venture capital, buyout and other private equity investors in secondary transactions. Our principals focus on identifying investment opportunities in leading late-stage companies that exhibit strong growth and market-leading technologies and then helping them further execute on global expansion strategies. Prior portfolio companies include such market leaders as eHealthinsurance.com, Brightroll, CafePress, Yodle, 2Wire, MobiTV, and Sharebuilder. For more information, visit www.stratimcapital.com.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 28, 2016 08:30 PM EDT Reads: 1,797
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Aug. 28, 2016 08:15 PM EDT Reads: 1,924
Aug. 28, 2016 07:30 PM EDT Reads: 667
Aug. 28, 2016 06:30 PM EDT Reads: 1,598
Aug. 28, 2016 06:00 PM EDT Reads: 1,912
Aug. 28, 2016 05:30 PM EDT Reads: 720
Aug. 28, 2016 03:15 PM EDT Reads: 3,482
Aug. 28, 2016 03:00 PM EDT Reads: 737
Aug. 28, 2016 01:45 PM EDT Reads: 3,651
Aug. 28, 2016 01:00 PM EDT Reads: 2,415
Aug. 28, 2016 12:15 PM EDT Reads: 843
Aug. 28, 2016 11:45 AM EDT Reads: 679
Aug. 28, 2016 11:30 AM EDT Reads: 1,952
Aug. 28, 2016 11:00 AM EDT Reads: 696
Aug. 28, 2016 11:00 AM EDT Reads: 3,122