Andium Raises $15M in Series A Funding


Andium, Inc., a NYC-based provider of Industrial Internet of Things (IIOT) remote-field monitoring and communications technologies, closed a $15m Series A funding.

The round was led by OGCI Climate Investments with participation from existing investors Tom Miglis, former Chief Information Officer of Citadel, and Talis Capital.

The company intends to use the funds for product growth and innovation, strategic investment in talent, and deployment of proprietary Video Solutions product lines for flare monitoring, tank telemetry, and object detection.

Led by Jory Schwach, CEO, Andium provides Industrial Internet of Things monitoring products for oil and gas companies to get access to real-time information from remote locations for emission reductions and the achievement of environmental, social and governance goals (ESG).