ClearObject, a Fishers, IN-based Internet of Things (IoT) systems innovator, received a multi-million dollar line of credit from Silicon Valley Bank (SVB).
The amount of the deal was not disclosed.
The company intends to use the funds to contiunue to strengthen its financial position, and conduct growth intiatives.
Led by John McDonald, CEO, and Mike Reffeitt, Chief Business Officer, John Annakin, Chief Revenue Officer, and Tom Kilcoyne, Chief Operating Officer, ClearObject is an IoT Systems platform provider supporting companies in developing their Internet of Things projects. To this end, the company collaborates with an extensive network of channel partners such as Arrow, Atlassian, Google, IBM, SAS and many others.