Nubix, a San Francisco, CA-based IoT development company, closed $2.7m seed financing round.
The round – which brings the total funding to $4.5m – was led by Tuscan Management with participation from Chevron Technology Ventures, Blackhorn Ventures, Engage Ventures, Center Electric, Momenta Ventures, and Mentors Fund, and current investor Bee Partners. In conjunction with the funding, Joshua Silber, managing partner at Tuscan Management, will join Nubix’ board.
The company intends to use the funds to expand its engineering capabilites.
Led by Rachel Taylor, co-founder and CEO, Nubix provides tiny containers and tiny services for businesses to develop once and deploy anywhere. Its real-time operating system (RTOS) container and services solution for MCUs makes the development and deployment of Internet of Things (IoT) and edge applications possible empowering developers to easily analyze and take action on data being generated in real-time on a sensor device. Microcontainer technology enables containerized applications to be safely distributed to devices and executed by the container runtime. The application logic can be updated and redeployed without any updates or changes to the container OS, enabling smaller, faster and less risky updates.
FinSMEs
17/12/2020