Equalum, a Sunnyvale, CA and and Tel Aviv, Israel-based provider an Enterprise Data Beaming platform, closed a $5M Series A financing.
The round was led by Eric Schmidt’s Innovation Endeavors and GE Ventures, as well as a group of private investors led by Dr. Giora Yaron.
The company will use the funds to expand operations and its business reach.
Led by Nir Livneh, CEO and Co-Founder, Equalum provides a Data Beaming technology platform, which enables enterprises to manage the flow of data across systems in manufacturing and Industrial Internet of Things (IIoT) applications as well as in other verticals including finance and media.
The platform teleports data across the enterprise, connecting any source to any target application or system – where organizations can unlock insights in real-time.
The company currently works with industrial, financial, and media enterprises.