Amsterdam-based Gamgee partners with Lithuanian IoT hardware manufacturer Teltonika to expand its IoT reach

IoT or the Internet of Things is a fast growing sector which is expected to reach a value of $ 1256.1B (nearly €1060.6B) by 2025. One of the notable players in the field is moving forward by forging new partnerships and expanding its services. The Lithuanian IoT hardware manufacturer Teltonika Networks has announced its partnership with Amsterdam-based smart home and managed Wi-Fi company Gamgee. 

The fellowship of increased connectivity

Under the newly formed alliance, the two companies, Teltonika and Gamgee, will target to launch new smart home and managed wireless services. These devices and services will be developed by Gamgee and powered by Teltonika Networks products and the setup will include 4G LTE, Wi-Fi, Bluetooth, and GPS connectivity. This partnership is for expanding the companies’ capacities to offer managed Wi-Fi and smart network services to more consumers and business customers across multiple technology platforms. 

“Teltonika Networks is largely recognised for developing innovative IoT business and office solutions that are driving the upcoming IoT revolution. Thanks to this partnership, Gamgee will be able to expand its reach and deliver the unique value of easy network management to a large audience that includes businesses and public institutions,” says Paul Hendriks, the CEO of Gamgee.

According to the company, the name Gamgee comes from Samwise Gamgee, also known as Sam, a Hobbit of the Shire – a prominent character from J. R. R. Tolkien’s epic fantasy novel, The Lord of the Rings. “As Sam proved himself to be Frodo’s closest and most dependable companion, the most loyal of the Fellowship of the Ring. He also played a crucial role in protecting Frodo and destroying the One Ring. It is Gamgee’s aspiration to be the wireless smart home network companion,” the company explains. 

“We are looking forward to extending our presence to not only industrial and business areas but also a smart-home environment with the help of Gamgee,” comments Julius Švagždys, Chief Corporate Marketing at Teltonika .

This article is produced in collaboration with StartupAmsterdam. Read more about our partnering opportunities.

The post Amsterdam-based Gamgee partners with Lithuanian IoT hardware manufacturer Teltonika to expand its IoT reach appeared first on Silicon Canals .

Startups – Silicon Canals

Global pet insurance market size was USD 6.05 billion in 2018 and is projected to reach USD 11.25 billion by 2026, exhibiting a CAGR of 8.0% during the forecast period. – Scientect

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“sweden startups when:7d” – Google News

What is the best way to reach someone in a manager position in a big company?

tl;dr: How do you professionally reach specific people within a very large company when they're your best chance of actually selling your services?

While it took us a while, my co-founder and I are starting to have a really clear picture of who our target market is: big corporations with a web dev department. It's a bit more precise, but I want to stay vague enough that this post is useful for other people.

We believe that in order to sell our service, we would need to be able to speak with the manager of that specific team, but it's often difficult to find their information. Without insider knowledge, how do I even know the name of the person I'm looking for? I figure this information is possible to be found with a little digging, but this brings me to the main second, and primary, point of this question: which one is the more professional one?

It's possible my own personal bias influences my opinion, I hate being cold called by someone trying to sell something to me. It would be even more troublesome for me if the person told me she basically stalked my information in some way, but maybe I'm the oddball on this?

How do you guys reach out to these hard to reach people in a professional way?

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Telecom Billing and Revenue Management Market “Estimated to Reach US$ 18. Billion by 2024” New Study – Good Night, Good Hockey

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Dutch fintech startup Factris bags €5M; plans to expand operations and business reach

For Small and Medium-Sized businesses or SMEs, it is crucial to manage and juggle the sources, timing and utilisation of cash flow. However, a lot of SMEs are shouldering the burden of ‘late payments’ at any given time. Well, imagine the whole lot of benefits small or medium-sized businesses can get from having more payment-related insights? 

Factris, an Amsterdam-based fintech startup is changing the landscape with its financing solution in Europe. The company helps SMEs by turning their invoices into cash in just 24 hours. 

Secured €5M funding 

The Dutch startup recently received another capital injection of €5M from AB ventures, the corporate venture capital arm of the Arab Bank. Existing investors including Speedinvest, Optima Investments, and other high net worth investors also participated in the Series-A equity funding round. 

A few days back, Factris raised €50M in a new financing agreement with asset manager NN Investment Partners (NN IP). 

The company intends to utilise the funds to continue to expand operations and its business reach. Factris is now at various stages of onboarding other factoring companies to become Factris brokers or partners, thus further extending their financing impact throughout the EU.

CEO Brian Reaves explains the importance of partnering, “Factris is determined to help SMEs in this difficult environment either directly or via our partners. Factris is happy to be working with AB Ventures and is looking forward to providing financing services in partnership with them in selected markets”.

Provide low-cost working capital to SMEs

As per Factris, the additional equity, as well as the scale and reach via the partnerships, will help create more opportunities to finance businesses amid the COVID-19 pandemic. 

Factoring, which is Factris’ primary form of financing, continues to help its customers by providing working capital using their unpaid invoices. The company claims that this alternative form of financing has proven to be substantially faster in sourcing the required cash flow to businesses, when compared to the more traditional forms of financing, such as businesses applying for a bank loan. 

Finance Automation for Business (FAB)

Factris has developed a FAB (Finance Automation for Business) platform, which automates tasks for employees to focus on personalised customer care. The FAB platform lets clients upload their invoices, request credit limits, monitor payments, and receive same-day capital for invoices that are factored.

“AB Ventures is excited to be part of the Factris journey and is looking forward to closing cooperation with Factris in developing receivables based financing solutions in Europe and beyond,” comments Faisal Hakki, MD of AB Ventures.

Main image credits: Factris

This article is produced in collaboration with StartupAmsterdam. Read more about our partnering opportunities.

The post Dutch fintech startup Factris bags €5M; plans to expand operations and business reach appeared first on Silicon Canals .

Startups – Silicon Canals

Industry collaboration and entrepreneurship reach new heights | Imperial News – Imperial College London

Industry collaboration and entrepreneurship reach new heights | Imperial News  Imperial College London
“startups when:1d” – Google News

How to reach out to US based news media companies as a tech startup in India?

As an early stage startup we are currently getting our first few customers.

We are building an interactive videos platform called KeyPoints, aimed at helping improve video content performance and monetisation for brands, content creators, advertisers, media, e-commerce, edu-tech, fitness and lifestyle platforms.

For our first few customers, we are focusing on news media. Through some of our contacts, plus LinkedIn, we are able to connect with these people in India. But I understand the real value for my product is going to be in the US. I've no contact in media companies there. Plus these people are not responding to any requests over LinkedIN (understandably may be!).

How do I reach out to them? Thanks.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Relativity and Reach, Stoke and Starfish: Blue Origin veterans spark space startups – GeekWire

Relativity and Reach, Stoke and Starfish: Blue Origin veterans spark space startups  GeekWire
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Relativity and Reach, Stoke and Starfish: Blue Origin veterans spark space startups – Yahoo News

Relativity and Reach, Stoke and Starfish: Blue Origin veterans spark space startups  Yahoo News
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