SensorUp, a Calgary, Alberta, Canada-based Internet of Things (IoT) geolocation company, raised $2m in seed financing.
The round was led by Vanedge Capital.
The company intends to use the funds to accelerate the go-to-market campaign of their SensorThings Cloud service and create new data-driven IoT business solutions for smart cities, first responders, and field service.
Led by founder and CEO Dr. Steve Liang, SensorUp provides an IoT service platform featuring data, analytics, and artificial intelligence tools that enable companies to rapidly aggregate IoT data from multiple systems and transform them into actionable insights.
The company has a global customer base in smart cities and industrial IoT, including top-tier organizations like Lockheed Martin, Department of Homeland Security, Natural Resources Canada, and more than 10 smart cities around the world.