The market for enterprise connectivity technology is witnessing strong growth globally, driven by increasing digitalisation, international travel, the expansion of Internet of Things (IoT) devices and demand for seamless mobile internet services.
\n\nBraid, a global connectivity orchestration platform that enables enterprises to offer mobile connectivity under their own brands, has raised $38 million in Series A funding led by Octopus Ventures, with participation from KPN Ventures, the strategic investment arm of Dutch telecommunications operator KPN.
\n\nThe investment represents the company's first external funding round since its launch in 2023. Braid said it is currently profitable and cash-flow positive, serving close to 90 enterprise customers, including major global fintech and travel brands.
\n\nThe newly raised capital will be used to accelerate international expansion, deepen the company's carrier network and continue developing its embedded connectivity infrastructure.
\n\nBraid provides technology infrastructure that allows businesses to incorporate mobile connectivity into existing applications and digital products without establishing themselves as telecommunications operators.
\n\nThe platform connects enterprises with more than 600 carriers across over 200 countries through a single application programming interface (API).
\n\nBusinesses can embed SIM and eSIM connectivity directly into their products using APIs or software development kits (SDKs). They can also launch fully…
Original source: https://www.timesnownews.com/business-economy
