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
IoT Edge platform company IOTech acquired $2.5 million in seed funding to accelerate the development of its products and services, enhance support for its partner ecosystem, and expand its local presence. Dell Technologies Capital is an investor and Innovate UK is providing R&D funding. Founded by
IoT platform Minim, whose technology protects connected devices and assures fast WiFi in homes, closed a $2.5 million seed round led by Flybridge Capital Partners and Founder Collective. Minim was established last year by Jeremy Hitchcock, former co-founder and CEO of Dyn (ACQ: Oracle), in
Enterprise IoT security company Armis raised $30 million in Series B funding. Red Dot Capital Partners, a Temasek-backed venture capital fund based in Israel, led the round with Bain Capital Ventures. Sequoia Capital and Tenaya Capital also participated as return investors. Armis’s agentless, hardware-free security
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
ThoughtWire today announced the closing of a combined $20 million debt and Series A financing. The investment round includes a respected syndicate of new and current investors, including Yaletown Partners, BDC Capital, Round13 Capital, Epic Capital and Comerica. According to the company, ThoughtWire’s Ambiant platform delivers
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
SaltStack today announced a $15.5 million Series A financing round led by Mercato Partners. This new close is additive to previous investments from Peak Capital, Epic Ventures and Deep Fork Capital, bringing total the SaltStack funding round to $28 million. SaltStack is an event-driven automation platform
InfluxData, an open source platform that empowers developers to build next-generation monitoring, analytics and IoT applications, today announced it has closed a $35 million Series C funding round led by Sapphire Ventures. Participants included new investor Harmony Partners, as well as existing investors Battery Ventures,
Enertiv, Inc., which uses data and analytics to enhance building operations in commercial real estate portfolios, has closed a new round of $4.3 million. Enertiv deploys IoT devices to provide ongoing tracking of every critical piece of equipment and tenant space in a building. The data