Trident IoT, a silicon provider and RF technology company focused on decreasing time-to-market for connected device manufacturers, announced the completion of a $10 million fundraising round.
Trident IoT provides Z-Wave silicon solutions and product design and development consulting services for any RF technology. And this funding round will enable the company to expand silicon/hardware solutions development, engineering support, and certification preparation services across IoT and connectivity platforms, including Z-Wave, Zigbee, Thread, Matter, LoRa, etc.
The funding round was led by Todd Pedersen, entrepreneur and founder of Vivint and Vivint Solar, who will join the Trident IoT Board of Directors. And as the founder of one of the largest home security service providers in the US, Pedersen has been instrumental in the maturation and growth of the security and smart home industries.
This funding round positions the company to future-proof a growing portfolio. And Trident IoT will invest newly raised funds toward developing its AI division, creating purpose-built AI tools to accelerate IoT product design. These resources will enable Trident IoT to scale engineering resources and speed the development of design tools, including pre-FCC-certified System-in-Packages (SIP)s, SDKs, and reference designs.
Along with the closing of this funding round, the Z-Wave Alliance approved Trident IoT as an official Z-Wave device certification testing lab. And Trident IoT will continue expanding and diversifying compliance testing and certification resources for Z-Wave and other platforms, enabling the company to offer holistic support for manufacturers bringing new IoT products to market.
KEY QUOTES:
“Trident IoT has a commitment to innovation, combined with a deep expertise in wireless and RF technologies, that creates a unique capacity to fast-track IoT development. This investment is a testament to the shared belief that Trident IoT can transform the landscape of connected device technology I look forward to collaborating with the Trident IoT team to bring the next generation of IoT device solutions to market.”
– Todd Pedersen
“Traditional engineering paths cannot match the pace of either technological innovation or customer demands. Our vision is to reduce new IoT product design timelines from 18 to 24 months to 4 to 6 months. With the resources gained in this funding round, as well as Todd’s unmatched perspective on the needs of both end users and device manufacturers, we will be able to extend design acceleration services to more customers and technologies.”
– Trident IoT CEO and co-founder, Mike Lamb
