The round was led by Kleiner Perkins Caufield Byers and Modiva Japan.
The company will use the funds to continue to expand its development efforts.
Founded by former lead technologists at Silver Spring Networks, George Flammer and Elad Gottlib, and led by Ra’ed Elmurib, CEO, Shoof Technologies has developed technology for asset monitoring and tracking working via a cloud platform and equipment – including base stations and tags – to track assets in motion anywhere, in real time.
The technology is applicable to a wide range of industrial markets.
The company will begin product trials with large manufacturing and logistics customers in early 2018. Its initial focus will be on manufacturing and transportation.
FinSMEs
18/01/2018