MachineMetrics, which equips factories with the digital tools needed to increase productivity and win more business, raised $11.3 million in Series A financing. Tola Capital led the round, with participation from existing investors Hyperplane Venture Capital, Long River Ventures, Mass Ventures, Hub Angels, and Firebolt
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
CyberX, an IoT and industrial control system (ICS) security company, today announced that it has closed $18 million in Series B funding. The round was led by Norwest Venture Partners, with participation from Glilot Capital Partners, Flint Capital, ff Venture Capital, and OurCrowd. Founded in
Aperio Systems, which secures critical infrastructure, today announced a strategic investment from Energias de Portugal (EDP), one of Europe's largest utilities. EDP was joined in the round of financing by Data Point Capital, Jump Capital, and Scopus Ventures. Aperio Systems' proprietary Intrusion prevention system based
Arundo Analytics announced today an initial closing of $25 million on its Series A financing round. Several leading investors participated in the round, including Sundt AS, Stokke Industri, Horizon, Canica, Strømstangen and Arctic Fund Management. Existing investors Stanford-StartX Fund and Northgate Partners also participated. Arundo Analytics
Software company Uptake Analytics raised $117 million in Series D financing, led by Baillie Gifford, with participation from Revolution Growth and Greatpoint Ventures Innovation Fund. Uptake develops a predictive analytics platform that analyzes data to predict and prevent failures, uncover hidden profits, and discover new opportunities
SCADAfence, which secures industrial networks from cyber threats in the smart manufacturing and critical infrastructure sectors, raised $10 million in Series A funding. Investors include JVP, NexStar Partners, 31Ventures Global Innovation Fund, GB-VI Growth Fund Investment Limited Partnership managed by Global Brain, iAngels, and DS
According to a recent SEC filing, enterprise IT startup Smartvid.io has raised $3 million in financing from an undisclosed investor. Smartvid.io, Inc., is a Boston-based software company focused on solving the management, collaboration, search, and analysis challenges associated with industrial videos and photos. Its SmartTag engine
IoT startup Nevada Nanotech Systems, Inc. (NevadaNano), which develops and manufactures micro-electro-mechanical systems-based sensor modules and subsystems for commercial and government applications, has completed $18 million in Series B financing. Using proprietary materials as well as unique sensing methods and analysis techniques, NevadaNano’s single sensor
According to a recent SEC filing, V5 Systems has raised $2.5 million in financing from an undisclosed investor. V5 Systems’ founding mission was to deliver a security solution that could be deployed in any outdoor environment without having to tap into fixed power or modify existing