Veniam Brings Internet of Moving Things Technology to U.S.

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Building Global Innovators (BGI)

Veniam, a Silicon Valley-based company that is building the Internet of Moving Things, today announced a $4.9 million Series A funding led by True Ventures, with participation from Union Square Ventures, Cane Investments and private investors. Veniam is the leading global innovator of true citywide WiFi networks of connected vehicles that expand wireless coverage and enable the Internet of Things. The Series A funding will be used to grow the company's Mountain View office and accelerate deployment of vehicular networks in U.S. cities.

Veniam Brings Internet of Moving Things Technology to U.S.

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Veniam, a company that leverages moving vehicles to bring more complete wireless Internet to municipalities, today announced that it has raised a $4.9 million Series A round of funding led by True Ventures, and participated in by Union Square Ventures. The company told TechCrunch that its prior angel investors also took part in the deal on a pro-rata basis, keeping their percentages in the firm whole.

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