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Nimble Wireless crosses $1 Mn in Revenues

siliconreview Nimble Wireless crosses $1 Mn in Revenues

A startup providing end-to-end IoT solutions for monitoring remote assets ‘Nimble Wireless’ recently made an announcement that it has crossed $1Mn in revenues and further  targeting to attain over 100% increase by the end of the existing fiscal year. An India based company, the complete solution (hardware, firmware and cloud/mobile apps) of which, including the manufacturing is done out of Bangalore and Chennai. Nimble Wireless has so far raised around $1Mn in funding from Prime Venture Partners and other investors.

 Very recently, the company also created a buzz when they launched an App-based pet safety product that has acknowledged extraordinary grip from recreational vehicle (RV) and pet owners in the US. Branded  as RVPetSafety, the product is designed to monitor a pet’s environment temperature, on the go, through a mobile phone.

 The company is optimistic about the market opportunity, as around 65% households in the US possess at least one pet. According to the American Pet Products Association (APPA), the market for pet products reached a predictable $62.75 billion in 2016 and further it is also predictable to rise at 5.4 % annually. In addition, the RV industry’s shipments are expected to reach 472,200 units in 2017, according to the Recreation Vehicle Industry Association (RVIA).

The company works food production & distribution companies in the US & Canada and also allow them to watch the security of the food in real time. The spine of the cold chain industry depends on delivering the food cold and healthy, by keeping them at the right temperature at all times. Nearly 25% of the manufactured goods are wasted during storage due to improper storage of temperature sensitive products. This apart, Nimble Food & Safety  tracker assists the food industry to keep on acquiescent with the recently ratified FSMA (Food safety modernization act) and forced by the US FDA (US Federal & Drug administration). Well that’s not all, Nimble Wireless also helps customers to wirelessly connect, control and manage their remote assets.