LineStream Technologies Inc., a Cleveland, Ohio provider of software-based control solutions, has closed a Series B funding of undisclosed amount.
The round was led by U.S. Venture Partners (USVP), with participation from Series A investor Early Stage Partners.
The company intends to use the capital to recruit engineers nationwide.
In conjunction with the funding, Winston Fu, general partner, and David Liddle, venture partner of USVP, have joined the company’s board of directors.
A technology spin out of Cleveland State University led by Dave Neundorfer, President, LineStream provides control technology designed to improve performance and simplifies set-up and development for automated products and applications. The company partners with semiconductor, industrial drive, and industrial controller providers.