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The funding round, led by Stage 1 Ventures, will allow Wyebots to continue developing its award-winning, AI-driven Wireless Intelligence Platform.
FREMONT, CA: In today's WiFi-reliant business environment, when so much is required on an optimized WiFi network. The ability to proactively reduce mission-disrupting WiFi issues from any place is a challenge to most businesses. In large MNC, it becomes a problem to identify the root cause of the WiFi issues. Wyebot, the industry leader specializing in AI-driven WiFi automation, revealed the completion of an $8 million Series A funding round to commercialize its industry-leading Wireless Intelligence Platform (WIP) and meet expanding market demands across industries such as distributed enterprise, education, healthcare, manufacturing, and warehousing. The investment round was led by Stage 1 Ventures, with participation from existing investors Tectonic Ventures, Innospark Ventures, and Launch Capital.
Roger Sands, CEO and co-founder of Wyebot says, "Wyebot has witnessed significant and growing demand, with the evolution of the mobile enterprise and explosion of IoT devices for a solution that leverages automation to proactively identify and address WiFi performance issues, and our investors realized that. We will continue to lead this market transformation and deliver innovative solutions to ensure business continuity for our customers."
Businesses of all sizes rely on WiFi to conduct their day-to-day operations, and Wyebot has shown its ability to keep networks optimized and businesses working smoothly. Wyebot's AI-driven sensors ensure that life-saving devices are always linked to the grid in hospitals. At the same time, manufacturers rely on Wyebot to ensure that machinery is running correctly, so that supply chain difficulties are avoided.
Wyebot is a valuable resource in today's WiFi-reliant corporate ecology, when so much is required on an optimized WiFi network, with the ability to reduce mission-disrupting WiFi issues from any place proactively. Wyebots WIP provides IT departments with remote network automation, allowing them to efficiently identify and troubleshoot WiFi issues without ever having to be onsite, whether they are a large-scale manufacturer with multiple locations worldwide or multi-building campuses such as hospitals and schools.