Temasek Leads $50m Funding In US-based Puls Technologies
Another day, another impressive Temasek headline.
According to recent reports, Temasek have recently led the 50-million Series C round of funding in San Francisco-based Puls Technologies Inc, a provider of end-to-end technical support services to owners of devices in the US. The Singapore state investment arm was joined by other investors including Samsung NEXT, Viola Ventures and Hamilton Lane.
Founded in 2015, the company makes use of less tech-savvy consumers and connects them with skilled technicians who service smart technology devises. Thanks to its unique technology, it then claims to match the customer with the correct technician in just 60 minutes.
Despite being a relatively young company, Puls Technologies Inc boasts an network of over 2,500 professionals across the US and offers same-day installation and repair for more than 200 products including smartphones, TV's and smart home devises. Proving this new take on a handyman isn't just a fad, they claim that there will be over 11 Billion connected devises by the end of 2018, with that figure doubling by 2020 by which time they claim an average household will have around 50 connected devices. Looks like a growing market to us.