SAIF, Linear Venture Participate In Ayla’s $14.5M Series B Round

Sunnyvale, California-based Ayla Networks says it has closed US$14.5 million series B financing from Cisco; the International Finance Corporation (IFC), Chinese venture firms SAIF Partners and Linear Venture, as well as SJF Ventures.

Existing investors Crosslink Capital and Voyager Capital, both based in the U.S., also participated in the new funding round.

Ayla will use part of the proceeds to expand its Internet of Things products in China.

China’s highly mobile consumers will have new and exciting ways to interact with the things all around them. Initial applications include lighting control, door and window monitors, and indoor air-quality management.

Last year, Sina Corp. adopted Ayla’s cloud platform for consumer devices.

The latest round brings the total financing raised by Ayla to approximately US$20 million.

Ayla has provided its services to Broadcom, Murata Americas, NXP, STMicroelectronics, and United Scientific Industrial Co. since its founding in 2013.

The company also has provided solutions for residential fire and safety monitoring, thermostats and broader HVAC control, water treatment and management, door locks, and home control.

"Ayla has…won some of the largest manufacturers with its innovative platform," says Ben Ng, general partner at SAIF. "Ayla has also established the right partnerships in China and adapted its platform to suit the Chinese market and help manufacturers create great consumer experiences."

 
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