Neul Raises $5M To Connect The Internet Of Things Using TV White Space

UK-based Neul today announced a new $5 million investment from Mistui & Co. Ltd. subsidiary MGI, as well as existing investors DFJ Esprit, IQ Capital, Business Angels and founding company employees. Neul offers businesses and others a way to create a machine-to-machine (M2M) network using TV signal white space frequencies, which has the advantage of taking bandwidth heavy, essential communication between devices away from congests frequencies like Wi-Fi and GSM networks. The money will be used to help the firm expand its business, but Neul is more interested in the potential partnerships that investment from Mitsui brings along with it. Neul actually hs some existing partnerships that are pretty impressive, including Microsoft and a number of other companies in Singapore where they've deployed a network around the Singapore Island Country Club. Eventually, the company hopes to deploy its networks in factories, among power suppliers, and anywhere else where there's a need for constant communication between various specialized, radio-enabled devices.

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