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September 18, 2019

Platform Provider Aims to Lower Smart City Set-up Costs

SmartCitiesWorld  -- Technology company Cimcon has closed a $33 million financing round, which will extend the reach of its smart city solutions such as its NearSky platform.

Led by Digital Alpha, which specializes in investment for the digital infrastructure and services market, it includes $23 million in Series C funding and a $10 million revenue-sharing facility which Cimcon claims will enable its city customers to deploy smart city initiatives with "minimal" upfront investment.

Energy Impact Partners (EIP), which focuses on the conversion of the energy industry towards a decarbonized, decentralized, digitized and electrified future and who led the Series B, also participated in the round.

Read the full article on SmartCitiesWorld