RailComm Completes Series B Financing from Schooner Capital

RailComm_LogoRailComm, a Fairport, NY-based provider of smart rail automation solutions, completed a Series B round of financing from Schooner Capital.

The amount of the financing was not disclosed.

The company intends to use the funds to continue to expand both its sales and marketing efforts as well as develop new products and services.

Led by newly appointed President and CEO Joe Forgione, RailComm provides railroads with software-based solutions for train control and railroad management. They automate a network of connected devices that generate real-time information which we then collect and analyze to coordinate and optimize the rail infrastructure.
The company serves Class I railroads throughout North America, as well as on many Passenger Rail, Short Line, and Regional railroads.

FinSMEs

01/05/2014

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