Ayla Networks Secures $39 Million in Series C Funding Round

Ayla Networks received $39 million in a series C funding round from a group of investors led by China-based Ants Capital and smart lifestyle product ODM (original design manufacturer) 3NOD, it said Monday. New investors participating in the funding round were Mitsui and Acorn Pacific, said Ayla, while existing investors Cisco Investments, Crosslink Capital, International Finance Corp., Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital reinvested. “The Internet of Things will be the next area where major winners will emerge," said Yin Min, managing partner of Ants Capital, which invested in Ayla due to its "unmatched traction inside China and globally" with manufacturers of IoT products.