Losant, a Cincinnati, OH-based enterprise Internet of Things platform, raised $5.2m in Series A financing.
The round was led by CincyTech with participation from Revolution’s new Rise of the Rest® Seed fund, TechNexus, and Vine Street Ventures.
The company intends to use the funds to scale and expand adoption for its IoT solutions.
Users include teams at such companies as Verizon, Bosch, and Hewlett Packard Enterprise.
Led by Charlie Key, CEO, Losant is an enterprise IoT platform for companies to build complex real-time connected solutions that allow leaders to make decisions based on real-time data. The platform uses open communication standards to provide connectivity from one to millions of devices.