Irish IoT platform start-up Wia gets €750,000 in seed funding

Wia chief executive Conall Laverty, Mike Brennan of Enterprise Ireland and Suir Valley Ventures managing partner Barry Downes.

Wia chief executive Conall Laverty, Mike Brennan of Enterprise Ireland and Suir Valley Ventures managing partner Barry Downes.

‘Stripe for Internet of Things’ to double headcount and expand into enterprise space

Wia, a Dublin-based start-up that aims to be the “Stripe for the Internet of Things” (IoT), has raised €750,000 in seed funding as it looks to expand globally.

The company has come up with a cloud platform that enables developers to turn sensor-based hardware into IoT devices.

The funding round was led by Waterford-based venture capital (VC) firm Suir Valley Ventures, with participation from Enterprise Ireland.

Established in 2015, Wia’s platform is used by developers in more than 85 countries to turn sensing devices into smart applications.

The company, a former participant in the National Digital Research Centre’s LaunchPad programme, has partnerships in place with a number of leading technology companies including Sigfox, PubNub and Twilio.

Founder and chief executive Conall Laverty (28), who comes from Dungannon, Co Tyrone, has previously designed software solutions with Big Motive, Channel 4, BBC, Net-a-Porter, Cambridge Silicon Radio and Deezer.

Mr Laverty said Wia, which won the Best Start-up award at the Irish Internet Association (IIA) awards last year, will use the seed investment will be used to fund its expansion and for further investment in R&D.

“We intend to use the funding to grow the team out in Dublin and make a big move into the enterprise space,” Mr Laverty said.

The company currently employs six people with plans to double headcount over the coming months.

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This article was published by The Irish Times on August 3rd.