AngelPrime invests Rs 3 cr in Nimble Wireless

BENGALURU: Nimble Wireless, a Chennai-based company specialising in the industrial internet of things sector, has raised $500,000 (about Rs 3 crore) from AngelPrime, a seed-stage fund based in Bengaluru to develop new technologies and expand presence. The eight-year-old company offers customised products that can help machines talk to one another in verticals such as transportation, logistics, telecom infrastructure, green energy and healthcare industries.

“This investment and partnership with AngelPrime will further boost Nimble’s growth. We hope to leverage expertise in accelerating the scaling up process and build leadership in our existing markets, both in the US and in India,” said Nimble Wireless CEO Siva Sivakumar, who has 17 years of experience in the wireless and satellite communication industry.