Haltian closes USD 9.8 Million (EUR 9M) funding round

Haltian team designing

The investment will help accelerate Haltian’s growing IoT business, scaling and development in international markets. Haltian has gained several major international partnerships as Internet of Things solution provider. Haltian has also strengthened its board of directors by welcoming Juha-Pekka Weckström, future President and CEO of energy company Helen, as a member.

Oulu, Finland, 11th March 2020: Finnish IoT and product development company, Haltian, expects rapid global growth in its IoT business and is becoming the leading internet of things provider in selected business verticals including: Smart Facilities, Smart Washrooms and Smart Factories. The successful funding round was closed with Finnish VC company Inventure, employment pension company Ilmarinen, venture capital fund Nordic Option and a group of private investors through investment service SijoittajaPRO, including Head Invest.

“This funding round confirms that our strategy to focus on the selected IoT segments has proven to be the right one. We will now continue to further grow our business and develop the Thingsee IoT solution platform by improving our existing products, creating some new products and strengthening our presence in international markets as well.” Haltian CEO Pasi Leipälä comments. “The message from the investors and customers has been extremely positive, and we feel very confident in going forward with our plans.” Leipälä continues.

Pasi Leipälä, CEO, Haltian

The adoption of IoT continues its huge growth globally. Ilmarinen Senior Portfolio Manager Ilja Ripatti comments that Ilmarinen is pleased to participate in Haltian’s growth journey and become an owner in the company.

“The market opportunity is vast, and the company has shown to be able to produce high quality solutions for large customers in interesting niche areas.”

Ilja Ripatti, Senior Portfolio Manager, Ilmarinen

Haltian CEO Pasi Leipälä showcasing Thingsee products
Haltian CEO Pasi Leipälä showcasing Haltian Thingsee IoT devices and applications

Haltian board of directors strengthened with notable business expertise

At the end of last year Haltian added a new member to its board of directors, Juha-Pekka Weckström. According to Leipälä, the new appointment will add up to the skillset of Haltian board, and bring new ideas to Haltian business development.

Weckström has years of business experience: he has acted as the CEO of TeliaSonera Finland, Realia Group, and broadcasting and telecom company Digita. In addition, he will begin as the President and CEO of energy company Helen in April 2020. Weckström has also been a member of several boards of directors throughout his career.

“Weckström will strengthen our knowhow and give new insights on how to develop our business. I am particularly excited to have Juha-Pekka with us in developing our IoT business because of his previous hands on experience within the industry.”

Pasi Leipälä, CEO, Haltian

Juha-Pekka is thrilled to join Haltian in a stage where the company is able to start scaling its products and services offering globally.

“I’m hoping to bring fresh ideas, perspective and my years of experience in supporting this growth.”

Juha-Pekka Weckström, President & CEO, Helen

Contact information

Pasi Leipälä, CEO & Co-Founder, Haltian Oy tel. +358 40 5434579 pasi.leipala@haltian.com

About Haltian

Haltian has been providing device manufacturers with world-class product design and engineering services since 2012. Thingsee, the proven IoT technology platform developed by Haltian, enables faster IoT launches for mass-scale deployments. In 2018, Haltian was heralded by research leader Gartner to be a Cool Vendor for its IoT services, and 2019 Haltian became an AWS Advanced Technology Partner as well as AWS IoT competency certified platform partner. Haltian IoT customers include many global operators, such as Lindström and W.L. Gore. Haltian is also behind many global signature products, such as the Oura health ring. Its design for the Specim IQ hyperspectral imaging device won the coveted Red Dot Design Award in 2018. For more information, visit: https://www.haltian.com