Arrayent, a San Francisco, CA-based IoT platform company for brands to develop and deliver connected products, completed a $15m Series C funding round.
ORIX Ventures joined existing investors DCM Ventures, Intel Capital, Opus Capital, and Comerica Bank.
The company intends to use the funds to expand the number of use cases and to continue to add new customers in 2016.
Led by Cyril Brignone, CEO, Arrayent provides a platform that enables consumer brands to transform traditional products into connected devices.
Companies across the globe choose Arrayent to cost effectively add Internet connectivity to their products and cultivate a closer relationship with their customers.
The company serves such brands as Whirlpool, Pentair, Maytag Commercial Laundry®, Salus, Osram, Braeburn, Schumacher, Chamberlain, LiftMaster, Monster Products and Mattel, among many others.
FinSMEs
21/01/2016