Mojix, a Los Angeles, CA-based provider of wide area sensor networks, completed a $14m Series D financing round.
The round was led by OMERS Ventures, with participation from Mercury Ventures, as well as all previous investors. As a result of the round, Rainer Busch, Managing Partner, Mercury Ventures, Kent Thexton, Managing Director, OMERS Ventures, and Bandel Carano, Managing Partner, Oak Investment Partners, will be joining the Mojix Board of Directors.
The company intends to use the funds to advance software solutions for IoT applications.
Led by CEO Dr. Ramin Sadr, Mojix integrates heterogeneous data sources with cloud based analytics and reporting to deliver applications to customers around the world. The company works with retailers to enable real time hands free inventory, with large scale data centers to locate and track servers, with hospitals to track records, equipment, and patients, with oil and gas companies to locate and track people and equipment, and with manufacturing companies to track and manage work flow and floor inventory.
Mojix also has offices in Frankfurt, Germany, Asia and the United Arab Emirates.