CyberLightning Ltd., an Oulu, Finland-based IoT software provider, completed a $4.2m financing round.
Backers included Inventure, TEKES, the Finnish Funding Agency for Innovation, and EU sponsored funds. In conjunction with the funding, Inventure Managing Director Sami Lampinen joined CyberLightning’s board.
The company intends to use the funds to accelerate growth and international expansion.
Led by Ville Mickelsson, CEO, CyberLightning provides and end-to-end IoT software platform – CyberVille™ – that allows corporate customers to capture data from numerous sensors and measurement points, to analyze the captured data, and to present it in business intelligence dashboards.
The company was founded in 2010 at the Center for Internet Excellence at University of Oulu, Finland.