IoT startup Cloudleaf announced it has raised $13 million in Series A financing. Five investors participated in the round, among them Bold Capital Partners, Tandem Capital, Mahindra Partners, and IndusAge Partners.
Cloudleaf provides an end-to-end cloud enterprise IoT solution for monitoring, managing and optimizing complex distributed-asset ecosystems. Cloudleaf’s flagship edge-to-cloud solution, Sensor Fabric, gathers, compiles and analyzes streams of live location and telemetry data from a broad range of enterprise operations across indoor, outdoor and in-transit workflows to provide real-time actionable insight. Use cases range from simple supply-chain asset monitoring applications to managing complex assemblies, work-cells and works-in-process as they traverse value-chains.
In its announcement, the company said this funding will power CloudLeaf’s innovation in IoT and bring its patented solution to market, enabling customers easily to digitize their enterprise operations.