Internet & IoT Startup Globetouch Brings In $40 Million

Globetouch closed $40 million in Series C financing. Hermes GPE, SPARK Ventures, Verizon Ventures, Zeev Ventures, and Impact Venture Capital participated in the funding.

GlobeTouch provides global connectivity services for devices with a ecosystem of operator partners, device manufacturers, mobile-OS companies, and enterprises. The company connects smart phones, M2M devices, connected cars, tablets, and MiFi devices using patented CloudSIM technology and a cloud-based core network infrastructure.

This investment round will allow Globetouch to enhance its services and market share of the growing connected car market, and to aid in expansion to other verticals that include logistics, industrial IoT, and healthcare.