Pelion is a leading global Internet of Things (IoT) connectivity platform, providing secure and scalable IoT connectivity for more than 500 enterprise customers. Pelion’s technology enables IoT devices to connect to the optimal cellular network and technology, orchestrated through a platform that allows customers to manage and control deployed devices.
As a technology-led business, Pelion has made significant investments into its connectivity management platform, secure end-to-end network and global eSIM offering. The platform has horizontal capability with customers spanning across sectors including industrials, utilities, transport & logistics and healthcare. Use cases supported include infrastructure monitoring, connected industrial equipment, vehicle telematics, remote building access and patient monitoring.
The global IoT market is projected to grow rapidly, with IoT applications being a driver of digital transformation across multiple industries. Gartner, a technology research organisation, estimates that IoT related spend on cellular connectivity will grow from $32 billion in 2020 to $57 billion in 2026. Secure and reliable cellular connectivity is mission-critical to support IoT applications, with enterprise customers seeking platforms that can service their increasingly complex requirements.
Pelion is headquartered in Glasgow and has 65 employees.
“We are delighted to have SEP on board as our investment partner to support us as we execute on the next phase of Pelion’s journey. There is a very large opportunity for us to address given the secular tailwinds in the IoT market. Pelion already has a leading platform and strong reputation. Together with SEP’s expertise in scaling growth stage technology businesses, we believe we are very well placed to enable more enterprises to execute on their IoT strategies.”
Dave Weidner, CEO, Pelion.
- Internet of Things
- Investment date