Hull-based smart city operator Connexin has raised £80m in funding from infrastructure manager Whitehelm Capital to support development of smart networks and connected communities in UK cities.
In 2019, Connexin delivered the UK’s first purpose-built Smart City Operating System for Hull City Council and this year helped infrastructure support service provider Amey implement Connexin’s CityOS platform to improve highway maintenance services across Sheffield.
According to Connexin, the added investment from Whitehelm will enable the business to accelerate its business strategy and maintain resilience, whilst responding to the market demand for smarter infrastructure and technology.
Furqan Alamgir, founder and CEO of Connexin, said: “This financing further validates the digital transformation we have delivered within cities, communities and the utility sector through our leadership and innovation in the smart infrastructure and IoT space.
“This investment isn’t just about Connexin. It affects every community. Everyone deserves clean air, tidier streets, safer roads. By allowing all communities to have access to our digitally connected infrastructure, it enables connected devices to “speak” to one another, which paves the way for amazing things.”
