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Ayla Networks announced that it has raised a new round of financing led by Los Angeles-based software growth equity firm Arrowroot Capital with participation from existing investors including Trinity Power Limited, Voyager Capital and SJF Ventures. With this investment, Ayla will look to further its strategic positioning in key IoT markets through incremental sales and marketing, product innovation, and geographic expansion. Ayla Networks powers many leading consumer brands’ IoT initiatives including SharkNinja, Owlet, Canadian Tire, … More
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Read the original article: Ayla Networks raises $20M to accelerate momentum in IoT markets