Teal Hits $100M Valuation

Cites >1,000% growth in Recurring Revenue in 10-Month Period

Seattle-based startup TEAL announced $10.8 million in new funding that values the company over $100 million. TEAL was founded by Robert Hamblet and Michael Johnston to bring programmable networking services to the Internet of Things (IoT) industry. The company serves hundreds of enterprise customers within fast-growing IoT verticals, including Mobility, Healthcare, Industry 4.0, Agriculture, Defense, Robotics, and Private LTE/5G. TEAL is the first IoT platform in the world to provide customers with programmable access to multiple native 5G networks and networking technologies within a single solution.

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