FogHorn Systems, a Mountain View, CA-based developer of edge analytics and machine learning software for Industrial Internet of Things applications, raised an additional amount of Series A funding.
Backers included existing investor Dell Technologies Capital and new investor Saudi Aramco Energy Ventures (SAEV). The extended funding brought total Series A round to $15m, excluding the conversion of $2.5m in seed funding.
27/07/2016: FogHorn Systems Raises $12M in Series A Funding
The company will use the funds to continue to develop the platform and to further expand its geographic reach.
Led by David C. King, CEO, FogHorn is a developer of “edge intelligence” software for industrial and commercial IoT application solutions, which enable advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases.
The technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, oil and gas, power and water, transportation, renewable energy, mining and agriculture, as well as Smart Building, Smart City and connected vehicle applications.