Rigado Inc., a Portland, Ore.-based global provider of commercial IoT Edge-as-a-Service solutions, closed a $15m Series A round of funding.
The round was led by Madrona Venture Group with participation from Vanedge Capital, Rogue Ventures, FusionX Ventures and the Oregon Venture Fund. In conjunction with the funding, Len Jordan from Madrona and Moe Kermani from Vanedge Capital will join the board.
The company intends to use the funds to expand its engineering, sales and deployment teams and further extend its global presence.
Founded in 2010 by Ben Corrado, CEO, Rigado provides Cascade, its recently announced integrated Edge-as-a-Service solution built on Microsoft Azure for IoT edge connectivity, computing and security. The Cascade IoT Gateway solution integrates with Azure IoT to enable smart building solutions at scale.
The company’s edge solutions power more than 300 global customers and 5 million connected devices across Commercial IoT solutions such as Asset Tracking, Smart Lighting, and Sensing and Monitoring in markets like Smart Workplaces, and Connected Retail and Logistics.
Rigado is headquartered in Portland and Salem, Oregon with offices in London, UK and Shenzhen, China.