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Ayla Networks

Ayla Networks

A technology company developing a platform-as-a-service for managing internet of things (IoT) devices.

Ayla Networks is a technology company developing a platform-as-a-service for managing internet of things (IoT) devices that is headquartered in Milpitas, California and was founded in 2010 by Adrian Caceres, David Friedman, Phillip Chang, and Thomas H. Lee. The platform-as-a-service product offered to Ayla Networks is made for businesses to add IoT connectivity to their existing products and services, and is not offered directly to consumers. Ayla Networks offers IoT solutions for consumer electronics, commercial products, and enterprise service providers. Notable customers of Ayla Networks include: Kenmore, Owlet, Hamilton Beach, Midea, Best Buy, Fujitsu, United Technologies, Hisense, Hampton, and Hunter.

Funding
Venture

On January 1, 2012 Ayla Networks announced raising $5.5 million in venture capital funding from Voyager Capital.

Series A

On June 5, 2013 Ayla Networks announced raising $5.4 million in series A funding from Voyager Capital and Crosslink Capital.

Series B

On April 30, 2014 Ayla Networks announced raising $14.5 million in series B funding from Voyager Capital, SJF Ventures, SAIF Partners, Linear Venture, IFC Venture Capital Group, Crosslink Capital, and Cisco. The company plans on using their series B funding to expand their operations in China and other emerging markets.

Series C

On June 27, 2016 Ayla Networks announced raising $39 million in series C funding from Ant Capital Partners (lead investor), Voyager Capital, TMD Ventures, SJF Ventures, Oriza Ventures, Misui & Co, Linear Venture, IFC Venture Capital Group, Crosslink Capital, and Cisco Investments. The managing partner of Ant Capital Partners, Yin Min, made the following statement regarding the firms decision to lead the series C round of Ayla Networks:

Our strategy at Ants Capital is to focus on the leading platforms in particular market segments and select winners,” said Yin Min, managing partner of Ants Capital. The Internet of Things will be the next area where major winners will emerge, and we invested in Ayla because it has unmatched traction inside China and globally with leading manufacturers making IoT products. Ayla’s strategy and IoT platform is a clear fit with the direction of manufacturers worldwide.
Series D

On November 2, 2017 Ayla Networks announced raising $60 million in series D funding from Sunsea and Run Liang Tai Fund. At the time of announcing their series D funding Alya Networks also announced establishing a partnership with Sunsea, the chairman of Sunsea, Ping Liu, made the following statements regarding the new partnership:

Ayla is the leading global provider of enterprise-grade IoT Platform-as-a-Services. We are partnering with Ayla based on our companies’ shared beliefs about the needs and promise of the Chinese IoT market. Ayla’s extensive IoT expertise and success with Chinese manufacturers complements Sunsea’s deep telecommunications proficiency and local relationships position the joint venture to become a premier IoT provider in China and provide a compelling solution to best serve our local customers.

Timeline

November 2017
Ayla Networks raises a $60,000,000 series D round from Run Liang Tai Fund and Sunsea Telecommunications Co. Ltd.
June 2016
Ayla Networks raises a $39,000,000 series C round from Cisco Investments, Crosslink Capital, IFC Venture Capital, Linear Venture, Mitsui & Co., Oriza Ventures, SAIF Partners, SJF Ventures, TMD Ventures and Voyager Capital.
April 2014
Ayla Networks raises a $14,500,000 series B round from Cisco Systems, Crosslink Capital, IFC Venture Capital, Linear Venture, SAIF Partners, SJF Ventures and Voyager Capital.
June 2013
Ayla Networks raises a $5,400,000 series A round from Corsslink Capital and Voyager Capital.
January 2012
Ayla Networks raises a $5,500,000 venture round from Voyager Capital.
2010
Ayla Networks was founded by David Friedman and Phillip Chang.

Funding rounds

People

Name
Role
LinkedIn

Adrian Cockcroft

Advisor

Arthur van Hoff

Advisor

Dan Robinson

Investor

David Friendman

Founder

Haoqing (Panda) Geng

Employee

Ishaan Sutaria

Employee

Jim McLean

Investor

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References

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