- 1NCE will use the $50M in funding to accelerate its growth in the US and Asia

- The capital raised will also be used to further developing 1NCE's next level 
and cloud-based IoT-software

- 1NCE will be hiring top talent and industry experts to drive its expansion

IoT Carrier 1NCE has announced $50M in financing. The capital is provided by 
investors including Deutsche Telekom, SoftBank, and other investors. 1NCE 
offers cellular device connectivity at a fixed price in over 100 countries via 
2G, 3G, 4G, 5G, NB-IoT and LTE-M. Its cloud-based connectivity platform 
includes IoT services such as plug-and-play setup and device management. 

1NCE will use the fresh capital to accelerate international expansion and fuel 
growth in the US and Asia, further develop its cloud based IoT platform 
services and recruit key talent to expand its product capabilities to simplify 
the development of cellular based IoT solutions worldwide. 

"With SoftBank we have gained an investor who brings in expertise from 
investments in telecommunications, internet services, AI, smart robotics, IoT 
and clean energy technology providers," emphasized Alexander P. Sator, CEO and 
founder of 1NCE. "We are thrilled to work with them to leverage the new 
opportunities in Asia and the US that come with the engagement."

1NCE's offering provides customers with the tools to efficiently scale and 
manage their IoT deployments, while providing a transparent cost structure. 
This tackles challenges that too often stand in the way of mass IoT 
deployments. The reduction of complexity, implementation time, and cost allows 
customers to speed up time-to-market and drive their business forward 
successfully.

Deutsche Telekom is committed to its investment in 1NCE. The telecom giant has 
been on board as seed investor since the company's founding in 2017 and uses 
1NCE technology for its own IoT offerings. The investment by SoftBank expands 
on the recent strategic partnership formalized between SoftBank and Deutsche 
Telekom and provides a clear opportunity to co-invest in global connectivity 
platforms focused on enterprise customers. 

Timotheus Höttges, CEO of Deutsche Telekom, adds: "1NCE has already 
demonstrated its disruptive potential in the IoT market, and its growth to date 
has underpinned its claim to leadership in cellular-based connectivity 
services. As a technology partner from the very first hour, we are happy to 
actively foster further growth."

"1NCE is a leader in connecting millions of low bandwidth sensors around the 
world", explained Marcelo Claure, CEO, Softbank Group International and COO, 
SoftBank Group Corp. "Using their technology offers incredible opportunities 
for our portfolio companies. With our investment in 1NCE, we look forward to 
accelerating the breakthrough of connectivity on the Internet of Things."

1NCE already manages 10 million connections for over 7,000 business customers 
from around the globe. Its services are available through direct sales and 
online channels. Additionally, the company is a premium technology partner of 
Amazon Web Services with exclusive offerings for developers on AWS Marketplace. 

ABOUT 1NCE

1NCE GmbH is the first fully-fledged IoT network carrier in the world to offer 
fast, secure, and reliable connectivity services at low cost based on an IoT 
flat rate. This makes IoT applications such as tank maintenance, smart 
metering, or vehicle telematics affordable. The 1NCE IoT Flat Rate includes 500 
MB data volume, 250 SMS, and free access to the 1NCE Connectivity Management 
Platform via Internet and API. To provide the service, 1NCE cooperates with 
both Deutsche Telekom AG and its roaming partners as well as China Telecom 
Global Limited and supports all common mobile communications standards (2G, 3G, 
4G, 5G, NB-IoT, LTE-M). In addition to direct sales of IoT mobile connectivity, 
1NCE also offers its technology to mobile network operators via a 
Platform-as-a-Service solution. The company headquartered in Cologne offers its 
flat rate almost world-wide. 1NCE was founded in 2017 together with Deutsche 
Telekom AG and has 100 staff in Cologne, Hamburg, Amsterdam, London, Rome, 
Paris, Warsaw, and Riga. For more information, please see www.1nce.com

1NCE GmbH Media Contact
Dennis Knake
email: dennis.knake@1nce.com
Phone: +49 151 627 776 43

SOURCE 1NCE