Trident IoT completes $10M fundraising, welcomes Pedersen to board

CARLSBAD, Calif. – Trident IoT, a silicon provider and radio frequency (RF) technology company, announced the completion of a $10 million fundraising round.

Trident IoT said that it offers Z-Wave silicon solutions and product design and development consulting services for any RF technology, and that this latest fundraising round will allow the company to expand silicon/hardware solutions development, engineering support, and certification preparation services across the gamut of IoT and connectivity platforms, including Z-Wave, Zigbee, Thread, Matter, LoRa and more.

The round was led by Todd Pedersen, entrepreneur and founder of Smart Home companies Vivint and Vivint Solar, who will join the Trident IoT Board of Directors. Pedersen shared his thoughts as he joins the Board: “Trident IoT has a commitment to innovation, combined with a deep expertise in wireless and RF technologies, that creates a unique capacity to fast-track IoT development. This investment is a testament to the shared belief that Trident IoT can transform the landscape of connected device technology I look forward to collaborating with the Trident IoT team to bring the next generation of IoT device solutions to market.”

Trident IoT said it plans to invest its newly raised funds toward the development of its AI division, creating purpose-built AI tools to accelerate IoT product design. These resources will reportedly also allow them to scale engineering resources and speed the development of design tools, including pre-FCC-certified System-in-Packages (SIP)s, SDKs, and reference designs.

“Traditional engineering paths cannot match the pace of either technological innovation or customer demands,” said Trident IoT CEO and co-founder, Mike Lamb. “Our vision is to reduce new IoT product design timelines from 18 to 24 months to 4 to 6 months. With the resources gained in this funding round, as well as Todd’s unmatched perspective on the needs of both end users and device manufacturers, we will be able to extend design acceleration services to more customers and technologies.”

Coinciding with the fundraising close, the Z-Wave Alliance approved Trident IoT as an official Z-Wave device certification testing lab on Tuesday, April 9. Learn more about Trident IoT, including Z-Wave silicon and certification and cross-platform engineering services, at TridentIoT.com.