IoT Startup PubNub Closes $23 Million in Series D Funding

PubNub, the company behind the real-time Data Stream Network, secured $23 million in Series D funding led by strategic investor Hewlett Packard Enterprise. With full participation from all existing investors, this round brings the company’s total funding amount to $70 million. Jai Das, president and managing director of Sapphire Ventures, also joins the PubNub board of directors.

According to the company, PubNub’s real-time messaging and edge computer platform is used by thousands of companies. It plans to use the new funding to accelerate the company’s growth internationally, especially in emerging markets.