Pelion

Global Internet of Things (IoT) connectivity platform

Enterprise software
Exited
Invested
:
2022
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Pelion

Global Internet of Things (IoT) connectivity platform

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Calum Paterson
Managing Partner, SEP
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Pelion is a leading global Internet of Things (IoT) connectivity platform, providing secure and scalable IoT connectivity for more than 1000 enterprise customers worldwide. Pelion’s technology enables IoT devices to connect to the optimal cellular network and technology, all orchestrated through a comprehensive platform that allows businesses to manage and control their deployed devices with ease.

As a technology-led business, Pelion has made significant investments into its connectivity management platform, the Pelion Portal, a secure end-to-end network and global eSIM offering. Its platform serves a wide range of industries, including industrial, utilities, transport and logistics, retail, and healthcare. Key use cases supported include infrastructure monitoring, connected industrial equipment, vehicle telematics, remote building access, and patient monitoring.

The global IoT market is poised for rapid growth, with IoT applications playing a crucial role in digital transformation across industries. According to Gartner, IoT-related spending on cellular connectivity is expected to increase from $32 billion in 2020 to $57 billion by 2026. As enterprise customers face increasingly complex requirements, Pelion’s secure and reliable cellular connectivity platform is a critical enabler of their IoT success.

Pelion is headquartered in Glasgow, with a global presence supporting enterprises worldwide.

“We are delighted to have SEP on board as our investment partner to support us as we execute on the next phase of Pelion’s journey. There is a very large opportunity for us to address given the secular tailwinds in the IoT market. Pelion already has a leading platform and strong reputation. Together with SEP’s expertise in scaling growth stage technology businesses, we believe we are very well placed to enable more enterprises to execute on their IoT strategies.”

Dave Weidner, CEO, Pelion.
Location

UK

Sector

Enterprise software

Investment Year
Exit Year

2022

Employees

enterprise clients

>1000

monthly IoT data volume

>400TB

Connected team

Our lead experts associated with this investment.