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IoT.nxt raises R100m for global expansion

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South African company IoT.nxt is making waves in global markets, and has secured a further R100-million from its dedicated investor and funding partner Talent Holdings to facilitate expansion.

This is the word from IoT.nxt CEO, Nico Steyn, after speaking, exhibiting and attending recently. IoT.nxt

It was the only South African company at the recent IOT Tech Expo in London, with CEO Nico Steyn and Deloitte Digital’s Gareth Rees the only South African-based businesses who addressed sessions at the event.

Steyn says the UK and European markets offer very exciting opportunities for the IoT.nxt solution. “We are using the momentum that we have built up in South Africa with industrial applications that we are implementing in various sectors like the mining, ports, and health care industries, facilities management, automotive retail, smart buildings and food processing. Our traction in South Africa serves as a great launchpad to do the same in Europe,” he says.

According to Steyn, in terms of IoT frameworks that were on show, the IoT.nxt solution has a number of features that are world-leading.

IoT.nxt was invited to attend the Expo by UK-based SI, Bell Integration.

“After attending the IoT World conference in Barcelona last year October we made a decision that we had to expand our solution offering into Europe and with a longer term view of a global strategy,” Steyn says.

The company has opened a London-based office address the European market.