1NCE, a company based in Cologne, Germany, specializing in IoT software and connectivity solutions, has recently raised $60 million in funding.

Since its establishment in 2017, 1NCE has successfully secured a total of $160 million in funding from investors spanning across five different countries. Notable investors include Deutsche Telekom, iSquared Capital, Kensington Capital Partners, SoftBank Corp., Vicenda Group, and Founder Alexander P. Sator.

The latest funding will be utilized to support the company’s ongoing global expansion efforts, particularly targeting the United States, APAC, and LATAM regions, as well as strengthening its presence in the US market.

Under the leadership of CEO Ivo Rook, 1NCE offers a cutting-edge software platform that caters to over 24,000 customers managing a staggering 30 million devices worldwide across more than 170 countries. The platform enables clients to gather valuable device data and transform it into actionable insights. Additionally, it streamlines the process of data collection projects, enhances device longevity, and facilitates the efficient management of sensors from initial deployment to end-of-life cycle.

FinSMEs

29/04/2025