FundedHere Header Logo
Anywhere Networks
Anywhere Networks is a leading wireless MESH technology company, headquartered in Hong Kong. Their technology forms the backbone of safe cities. With over 100 projects running in 17 different countries, they have a global footprint and are empowering the smart cities initiative worldwide.
$X,000,000
Y% undefined $X,000,000
Z
5 years ago
Overview

Quick Pitch

Governments globally are leading the push towards transforming cities into Smart & Safe cities by deploying video surveillance, smart lighting, smart lamp poles and a variety of IoT devices. The backbone of this infrastructure requires connectivity which is the expertise of Anywhere Networks. The Safe City Network market, worth more than $500B, faces challenges such as cost and time inefficiencies in setting up networks. Anywhere Networks proprietary technology is uniquely qualified to fill this gap in the market where traditional methods such as cabling and point to point wireless devices cannot accommodate the market’s demands.

Anywhere Networks is raising USD$3 Million, pre-IPO funding via convertible notes with 25% discount to the IPO price and 15% interest between now and the IPO date. Out of the total amount raised, USD1.1 Million has been committed. Anywhere Networks aims to list on the Australian Stock Exchange by 1Q2020. The expected market cap on the listing is between AUD$80-100 Million.

Product Details

We make wireless connectivity device that works like a Cisco switch with unlimited expandability allowing flexible deployment for all types of connectivity.  Most suitable for connecting high bandwidth devices such as surveillance cameras as well as large scale large area projects such as smart cities, smart lamp poles. 

Problem/Opportunity

Governments around the world are pushing to build more Smart & Safe cities or are trying to convert existing cities.  However, applications that require sensors such as video surveillance, smart lighting, smart lamp poles including industrial IoT devices require a certain level of connectivity in its city infrastructure.

Laying cables in the city is both expensive and requires a longer time horizon to build.  Traditional wireless devices are limited to small deployment as they can only provide point to point or limited point to multi-point connectivity. 

Mobile carriers provide some solutions but the end-users will have to bear monthly recurring costs. Furthermore, some devices have high bandwidth requirement such as surveillance cameras, which can’t be serviced by 4G or even 5G due to cost of spectrum. 

Anywhere Networks steps in to eliminate the inefficiencies of these traditional methods.

Solution

Anywhere Networks provides wireless connectivity with maximum flexibility and unlimited expandability that both wired and other wireless solutions can't provide in a large scale city-wide or countrywide deployment.

How does it work

Anywhere Networks uniqueness is its MDS architecture or Massive Distributed Switch Architecture, which happens to have wireless MESH capabilities. Each of its MESH Nodes are full-blown switches with intelligent flow-based routing and switching, balancing, etc. that allow you to plug and connect any Ethernet compliant device from IP cameras to IoT sensors  and it can route traffic out via multiple gateways through 5G (3G/4G), Fibre, Ethernet, and Wi-fi, etc. whichever connection is the best path according to your priorities.

AN-Network Diagram

Revenue Model

The majority of Anywhere Networks revenue comes from hardware sales with high gross profit margin and a small amount from product warranty and software maintenance.  It plans to slowly transition to focus less on hardware sales and more on Platform as a Service (PaaS) model where it provides a connectivity platform for devices using both Anywhere Networks and other vendors devices, both wired and wireless.  Anywhere Networks will provide a platform to help with deployment, monitoring and maintenance of all connectivity devices as well as connected devices.

Traction & Accomplishments

Anywhere Networks technology has been proven internationally as it have already deployed our products and generated sales in 17 countries around the world, including the US, Australia, Sweden, Taiwan, Korea, the Philippines and the Middle East. Anywhere Networks are partners and have rolled out projects with some of the biggest industry names such as Siemens in US, Telstra in Australia, Chunghwa Telecom in Taiwan.

Use of funds

Expand sales team to capture available opportunities & cost of IPO.

How We're Different

Patented and proprietary technologies allowing us to provide wireless connectivity with maximum flexibility that other wireless solution can’t provide as well as unlimited expandability for large scale city wide or country wide deployment.

Team

Winfred FanCEO - More than 10 years of experience leading start-ups and fast growing companies. Ex-CFO of Kookai and senior consultant with GMK Partners. Member of the Chartered Accountants Australia and CPA Australia.

Daniel ElvinVP of Sales - Over 20 years’ experience in the video surveillance industry with market leader Axis Communication and British start-up Oncam Grandeye. Held various global and regional sales and business development roles.

David Stewart Director - Successful ICT entrepreneur and ex-CEO of NetComm Wireless, which became a market leader in IoT/M2M and broadband wireless devices under his leadership. Named Australian Communications Ambassador 2016.

Bo Larsson –Director - Ex-CEO of Firetide Inc, which became the global leader in mission-critical wireless networking solutions. Also held leadership roles in Sony Corporation of America, Ericsson and Sony Ericsson.

Success Stories

Surveillance Solution for Critical Infrastructure - The railway is the backbone of a city’s public transit system, carrying citizens around for daily commutes. With average weekday patronage of 5.5 million passengers, the MTR Corporation in Hong Kong is world-renowned for its commitment to railway operation safety, reliability, customer service, and cost efficiency. Read on to see how MTR achieves a rapid deployment of a highly reliable wireless surveillance system that provides the abundant throughput for the demanding numbers of IP cameras.

Wireless Surveillance Infrastructure Jamal Omar construction project - Umm Al Qura needed to have surveillance during the construction of the project. Since a construction site is always changing and needs to adapt and expand, there are difficulties with achieving line of sight. Therefore, traditional PtP and PtMP solutions did not work. With Anywhere Networks' patented Intellgent Connectivity Anywhere (ICA) technology, Umm Al Qura is reliably able to connect a demanding number of IP cameras, overcoming the physical constraint of the construction area and providing a reliable, highly secure and redundant wireless network.

Wireless Mesh Video Surveillance for Safe CitySmart city is a safe city, where everywhere can be seen clearly. Outdoor surveillance encounters challenges in physical constraints and disrupted connection points that lengthen installation time. The quest for high video streaming quality is putting pressure on reliable wireless transmission. Read on to see how Anywhere Networks' Intelligent Connectivity Anywhere technology revolutionized the way a safe city surveillance system is deployed at Hong Kong Science Park.

$Y,000,000
%
SGDNaN
convertible
D