Finnish company Wirepas gets €24 million in EIB financing to advance self-repairing large-scale wireless networks
Finland, June 9 -- The European Investment Bank (EIB) is providing €24 million in financing to Wirepas, a Finnish deep-tech company developing wireless connectivity for large-scale industrial Internet of Things (IoT) applications. Wirepas will use the EIB backing to bolster research, development and innovation activities in Finland and France as well as business growth in Europe and beyond.The company develops software that allows millions of devices to autonomously connect and communicate directly with each other instead of relying on traditional mobile networks. This makes it possible to build large, ultra-resilient and cost-efficient networks for critical infrastructure in areas such as energy grids, factories, buildings or cities....
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