Afero

IoT platform for secure device connectivity

Los Altos, California, United States

About Afero

Afero provides solutions for connecting devices to the internet, known as the Internet of Things (IoT). Their technology allows both stationary and mobile devices to connect securely and efficiently. Afero's IoT platform simplifies the integration of IoT technology into products, making it easier for businesses to manage their devices remotely. A notable partnership with Home Depot has led to the Hubspace Smart Home platform, which helps consumers manage smart home products like door locks and lighting controls. Afero also incorporates AI to enhance connectivity and security, allowing for better data analysis and decision-making. The company stands out with a significant number of IoT patents, ranking fifth in the industry, which contributes to its revenue alongside businesses using its platform. Afero aims to provide user-friendly and scalable IoT solutions for both businesses and consumers.

Los Altos, CaliforniaHeadquarters
2014Year Founded
$90.8MTotal Funding
SERIES_CCompany Stage
Robotics & Automation, AI & Machine Learning, Consumer GoodsIndustries
51-200Employees

Benefits

Remote Work Options
Hybrid Work Options

Risks

Emerging IoT platforms may erode Afero's market share.
Potential security vulnerabilities in Bluetooth® Smart modules pose reputational risks.
Dependence on key partnerships like Home Depot could impact stability if not renewed.

Differentiation

Afero's platform integrates secure Bluetooth® Smart modules for IoT connectivity.
The company offers AI capabilities to enhance IoT data analysis and security.
Afero holds the 5th largest IoT patent portfolio, strengthening its market position.

Upsides

Partnership with Home Depot boosts Afero's presence in the smart home market.
$50M Series C funding supports expansion and technological advancements.
Growing demand for secure IoT platforms aligns with Afero's core strengths.

Funding

Total raised$90.76 M
Latest valuation$250.00 M
StageSERIES_C