Arrayent, a Redwood City, CA-based IoT platform company for brands to deliver connected products, raised $11m in funding.
Backers included DCM Ventures, Intel Capital, Opus Capital, Comerica Bank, and several angel investors.
The company intends to use the funds to add new customers in 2016.
Led by Cyril Brignone, CEO, Arrayent provides major consumer brands with a platform to transform traditional products into connected devices for a wide variety of use cases including the ability to control garage doors, lighting, security, and heating products with smart phones.
Clients include leading brands, such as Whirlpool, Pentair, Maytag Commercial Laundry®, Salus, OSRAM, Braeburn, Schumacher, Chamberlain, LiftMaster, Monster Products and Mattel, among others.
FinSMEs
22/09/2015