The backers were not disclosed.
The funds will be used to scale sales channels and to expand rich feature sets.
Founded as A spin-off company of industrial distributor Western Integrated Technologies, Inc., by William Hill, CEO, and and Steven Anderson, President and CTO, Elevát identified the opportunity for an independent IoT software platform to measure and aggregate data for all forms of industrial machinery, including key metrics such as uptime/downtime, and alerts for a variety of alarms or notices including maintenance and location – all in real time. End users can analyze the data to identify improvements to operational efficiency.
The Software as a Service (SaaS) model utilizes sensors on industrial machinery that feed into a central “box” which communicates to the cloud and the Elevát platform. Data can then be distributed directly to a client’s device (laptop, smart phone, tablet, etc.).
Elevát has been deployed across thousands of connected assets in the Mobile Industrial market.
FinSMEs
02/04/2018