Weaved, Inc., a Palo Alto, CA-based developer of Internet of Things Networking products, raised $2.3m in a seed financing.
The round was led by Crunchfund with participation from Metamorphic, Core Ventures Group, TMT Investments, Alpine Meridian Ventures, Double M Partners, HB Rama capital, Ironfire Angel Partners, Maxfield Capital Fund, Haystack Fund, Big Basin Partners and previous angel investors.
The company intends to use the funds to launch its Internet of things (IoT) products.
Led by Ryo Koyama, founder and CEO, Weaved develops networking and software technology and services that specifically address the issues arising with the Internet of Things to securely connect devices across the Internet.
Clients include Philips, Astak, Stem, Cisco, etc.