Trident IoT provides Z-Wave silicon solutions and offers product design and development consulting services for various RF technologies. This latest fundraising effort will enable the company to enhance its development of silicon/hardware solutions, engineering support, and certification preparation services for a wide range of IoT and connectivity platforms, including Z-Wave, Zigbee, Thread, Matter, LoRa, and more.

The round was spearheaded by Todd Pedersen, entrepreneur and founder of Vivint and Vivint Solar, who will join the Trident IoT Board of Directors. As the founder of one of the largest home security service providers in the United States, Pedersen has played a pivotal role in the evolution and expansion of the security and smart home industries.

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.”

This investment positions the company to future-proof a growing portfolio. Trident IoT will invest newly raised funds toward the development of its AI division, creating purpose-built AI tools to accelerate IoT product design. These resources will also allow Trident IoT 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. Trident IoT will continue to expand and diversify compliance testing and certification resources for Z-Wave and other platforms, allowing the company to offer holistic support for manufacturers bringing new IoT products to market.