WebRadar, a Rio de Janeiro, Brazil-based big data analytics and IoT company, raised approx. US$10m in funding.
Backers included Qualcomm Ventures and DGF Investimentos.
The company intends to use the funds for its global expansion and product development.
Led by Adriano da Rocha Lima, CEO, WebRadar provides Big Data Analytics technologies for the Internet of Things (IoT) offering analytical solutions to customers in the telecommunications, energy and transportation verticals in Canada, Mexico, USA, Peru, Argentina, Chile, Bolivia, Italy and Brazil.
The company’s applications collect and process data from a broad diversity of sources and technologies, and currently handles more than one million assets, processing more than one billion registers per hour.
Other shareholders in WebRadar include Intel and Citrix.