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About Afero
Industries
Robotics & Automation
AI & Machine Learning
Consumer Goods
Company Size
51-200
Company Stage
Series C
Total Funding
$90.8M
Headquarters
Los Altos, California
Founded
2014
Overview
Afero provides solutions for connecting devices to the internet, known as the Internet of Things (IoT). Their technology allows both stationary and mobile devices to connect securely and efficiently. Afero's IoT platform simplifies the integration of IoT technology into products, enabling businesses to manage their devices remotely. A notable collaboration with Home Depot resulted in the Hubspace Smart Home platform, which helps consumers manage smart home products easily. Additionally, Afero incorporates AI to enhance connectivity and security, making the data from IoT devices more actionable. The company generates revenue from businesses using its platform and holds a significant number of IoT patents, contributing to its intellectual property portfolio. Afero aims to provide user-friendly and scalable IoT solutions for both businesses and consumers.
Simplify's Take
What believers are saying
- Partnership with Home Depot boosts Afero's presence in the smart home market.
- $50M Series C funding supports expansion and technological advancements.
- Growing demand for secure IoT platforms aligns with Afero's core strengths.
What critics are saying
- Emerging IoT platforms may erode Afero's market share.
- Potential security vulnerabilities in Bluetooth® Smart modules pose reputational risks.
- Dependence on key partnerships like Home Depot could impact stability if not renewed.
What makes Afero unique
- Afero's platform integrates secure Bluetooth® Smart modules for IoT connectivity.
- The company offers AI capabilities to enhance IoT data analysis and security.
- Afero holds the 5th largest IoT patent portfolio, strengthening its market position.
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Funding
Total Funding
$90.8M
Meets
Industry Average
Funded Over
3 Rounds
SoftBankIndustry standards
Benefits
Remote Work Options
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 4%2 year growth
↑ 0%Afero, the world’s most secure Platform as a Service (PaaS) for IoT, today announced it has appointed commercial leader and Google veteran Kumar Das to the newly created position of Chief Business Officer.
Preethi joins Afero from Roku where she led Software Engineering for the Roku TV line of products.
By combining the award-winning and lab-certified Afero security technologies with high fidelity imaging, we have an opportunity to uplevel the smart home camera space. Afero, the leading IoT Platform as a Service provider, is pleased to announce that Raul Lopez will lead the ‘Truly Secure’ Camera program for Afero. Afero cameras are “Born-Secure” which provide consumers, businesses, and educators with viable choices for protecting their video security data. Raul’s extensive experience in designing and building cameras, plus his passion for ensuring the privacy of individuals and families, will extend the Afero vision of secure video security systems
Afero, the leading IoT Platform as a Service provider, is pleased to announce that Bret Jordan and Tracy Schmidt have joined the company's executive team.
Home Depot worked with Afero before investing in its most recent financing round.
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About Afero
Industries
Robotics & Automation
AI & Machine Learning
Consumer Goods
Company Size
51-200
Company Stage
Series C
Total Funding
$90.8M
Headquarters
Los Altos, California
Founded
2014
Afero is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today