3DSignals, a Kfar Saba, Israel-based provider of real-time asset performance monitoring (APM) solution for production floors, raised additional $8.5M to extend its Series A funding to $20.5m.
The round was led by Mercura Capital, with participation from existing investors SOMV and Grove Ventures.
This brought total funding to date to $26m.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Ariel Rosenfeld, CEO, 3DSignals leverages Industrial IoT technology to provide a real-time asset performance monitoring (APM) solution for production floors. The platform enables immediate visibility into production floors, through the quick, non-invasive, and machine agnostic deployment of a wide range of sensors. The system transforms this data into insights, providing multiple business intelligence and analysis tools in the cloud.