The round was led by Z5 Capital with participation from angels from the software, IoT, cloud services industries, and leaders from the Massachusetts Institute of Technology and the Harvard Business School.
The company intends to use the funds to expand its low-code IoT SaaS solution as well as ramp up sales and marketing programs.
Led by Andy Wang, co-founder and CEO, Prescient Devices provides a distributed low-code software platform that enables enterprise engineers, system integrators, and data scientists to build sensor-to-cloud IoT and edge computing solutions to deliver the next wave of innovation within manufacturing, smart buildings, energy, utilities, and intelligent transportation.
The platform supports solution templates from the sensor to the cloud, providing remote monitoring and industrial automation solutions businesses can deploy into real-world environments on day one, then scale and customize as needed.
The company has a advisory board including leading technologists and business leaders in AI and IoT. With this round, Prescient Devices will add key industry leaders to its Board, including Professor Charles Sodini from MIT and Saqib Syed, software entrepreneur and investor.