Internet of things startup Thinxtra has raised $10 million from a government investment body, which will be used to extend the reach of its pioneering IoT network to 95% of Australia’s consumers with hopes of driving efficiency in the eHealth, smart cities, agriculture and consumer sectors.
The funding comes from the Clean Energy Finance Corporation (CEFC), which manages the Australian government’s Clean Energy Innovation Fund, and will be used to develop Thinxtra’s IoT hardware which allows long-range transmission of data between connected devices, creating a nation-wide network that allows users to collect information remotely.
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Angela is a journalist and content marketer from Melbourne. She primarily covers Australian small business and HR news.
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