Ayla Networks, the provider of an agile Internet of Things platform, has closed a $14.5 million Series B financing with new investments from Cisco, International Finance Corporation, Linear Venture, SAIF Partners and SJF Ventures. Existing investors Crosslink Capital and Voyager Capital also participated in the round. The company accelerates development, support and ongoing enhancements of connected products. Its fabric of interconnected elements, including embedded agents for devices, cloud-based back-end infrastructure and services, and intelligent application libraries, run across the cloud, devices and apps to create secure connectivity, data analytics and feature-rich customer experiences.
Ayla previously raised a $5.6 million Series A financing round in February 2013—an investment that valued the company at about $15 million at the time. Ayla will use part of the Series B funding to expand its services in China. Initial applications include lighting control, door and window monitors, and indoor air-quality management.