Ayla Networks
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Overview
- Ayla Networks is the world’s leading platform for product manufacturers, service providers, and enterprise companies to connect any device to any application and achieve digital transformation
- Ayla’s AIoT Platform, accelerates the development, support, and ongoing enhancements of connected products for the Internet of Things
- The Company’s pure-play IoT platform runs across devices, the cloud, and applications to provide secure connectivity, data analytics, and feature-rich user experiences for their customers as well as the end consumer
- Headquartered in Milpitas, CA
Situation
- The Company is looking to increase their presence in the service provider and foodservice end markets to capture rapid growth
- Ayla plans to make investments to further pursue product innovation and development to stay ahead of the market and offer products to better suit customer needs
- The Company is also seeking to bolster their sales and marketing team to broaden reach to new customers in new markets
- Cascadia was engaged by Ayla to transact a growth equity investment from both corporate and financial investors
Our Specialized Approach
- Cascadia positioned the company around its leading end-to-end AIoT platform, advanced analytics capabilities, the scalability of their solution, sizeable market opportunity and the experienced management team
- Cascadia ran a marketing process, reaching out to potential investors that understood and had strong interest in the IoT, AI/ML and the connectivity environment
- Arrowroot Capital invested growth equity in Ayla Networks in October 2021