A smart-city technology startup based in Fort Lauderdale announced it has raised $30 million in a Series C funding round.
Ubicquia offers smart city, small cell and smart grid solutions that aim to make cities smarter, safer and more connected — for example, smart streetlights with sensors for lighting control and real-time data that also are distribution points for public wifi. The investment will be used for accelerating the hardware and software company’s product offerings and funding its expanded manufacturing and order volumes.
“This $30 million in growth capital will allow Ubicquia to accelerate our solutions that are addressing critical needs of cities and utilities globally in the areas of energy savings, transportation optimization, public safety and monitoring of critical infrastructure,” said Ubicquia CEO Ian Aaron, in a statement.
Participating in the funding round was Miami-based Fuel Venture Capital, which also led a $25 million seed round in Boca Raton-based PredaSAR and a $7.5 million round in Miami micro-mobility startup Bolt Mobility in Q1.