Industrial Internet Startup Closes $2.5 Million Funding
Elevát, Inc., a cloud-based Industrial Internet of Things (IoT) platform company, secured $2.5 million in funding. The company was advised by Berntson Porter Corporate Advisory, LLC.
A spin-off company of industrial distributor Western Integrated Technologies, Inc., Elevát’s SaaS model utilizes industrial machinery sensors that feed into a central “box,” which communicates to the cloud and the Elevát platform. Data, including uptime/downtime and maintenance and location alerts, is distributed in real time to clients’ laptops, smartphones, and tablets so they can improve operational efficiency.