Investment Led by March Capital Partners and Supported by GE Ventures, Honeywell Ventures, JC2 Ventures and Juniper Ventures Validates Strength of ioTium Solutions Deployed in Industrial Fortune 500 Enterprises Worldwide
Santa Clara, Calif. – September 19, 2018 – ioTium today announced that it has closed $13.6 million in Series B financing. This new round of investment brings the company’s total funding to $22 million and validates the strength of the company’s Software-Defined Converged Infrastructure solutions for IIoT, a vision actualized within industrial Fortune 500 deployments worldwide. The funding was led by continued investment from March Capital Partners. Honeywell Ventures, John Chambers’ JC2 Ventures and Hanna Ventures joined existing ioTium investors GE Ventures and Juniper Ventures in the round. Capital will be used to accelerate ongoing technology leadership and to fuel rapid market expansion in the U.S. and abroad.
“Since our founding, ioTium has been focused on solving the deployment complexities faced by industrial enterprises undertaking digital transformation,” said Ron Victor, [Read more…]