https://techcrunch.com/2021/12/08/afero-raises-50m-series-c-for-its-security-focused-iot-platform/

With the Samsara IPO heading toward pricing, it’s a good moment to spend a little more time digging into the IoT market. There’s a lot more going on than merely the liquidity point of one of its players, it turns out.

Afero, for example, closed a $50 million Series C today, led by Crosspoint Capital Partners. The new capital raise is roughly equivalent to all the capital that Afero raised prior to its latest round, per Crunchbase data, implying that the startup now has more cash on hand than at any point prior.