Tech startup Blecon has announced a significant £3.5 million seed funding round, led by renowned London-based venture capital firm MMC Ventures. The investment will fuel the company’s mission to transform the Internet of Things (IoT) landscape by harnessing the power of Bluetooth Low Energy (BLE).
Founded by a team of industry veterans with experience at ARM, AWS and Microsoft, Blecon has developed a groundbreaking solution that addresses the limitations of traditional BLE deployments. By eliminating the need for 1:1 pairing and enabling both smartphones and dedicated cellular hubs to act as hotspots, Blecon unlocks the full potential of Bluetooth for commercial IoT applications.
The company’s innovative approach combines the benefits of Bluetooth via Wi-Fi and cellular deployment, offering a more flexible and scalable solution for IoT connectivity. This technology has the potential to revolutionise a wide range of industries, from smart homes and cities to industrial automation and healthcare.
With the new funding in place, Blecon will accelerate product development and expand its customer engagements. The company is well-positioned to become a leading player in the rapidly growing IoT market.
Simon Ford, CEO of Blecon, said: “Bluetooth has seen unprecedented technical and commercial success as a consumer technology for personal connectivity, with adoption in billions of devices. Now, businesses are exploiting those economies of scale and unique low-cost, low-power characteristics for cloud-connected devices and Blecon is providing the technology to allow them to achieve it.”
Image by Gerd Altmann from Pixabay
