Therma, a San Francisco, CA-based IoT-powered equipment monitoring and analytics platform, closed a $10.2M funding round.
The round was led by Deciens Capital with participation from G-Bar Ventures, Collaborative Fund, Rite Hite, Govtech Fund, and Active Impact Investments.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Manik Suri, Founder and CEO, Therma is building IoT-powered temperature monitoring and analytics solutions that prevent food, product, and energy waste for organizations in the food, restaurant, healthcare, hospitality, and manufacturing industries. The company has already partnered with national restaurant brands and supply chain leaders in food and healthcare.
The company is also the creator of Point 01, a climate-oriented community-building initiative that brings together like-minded entrepreneurs, investors, scientists, engineers, and other professionals to devise solutions that link profitability and sustainability.