Triax Technologies Raises $12.5M in Series A Funding

Triax Technologies

Triax Technologies, Inc., a Norwalk, Conn.-based Internet of Things (IoT) solutions provider connecting construction, energy, manufacturing and industrial worksites, raised $12.5m in Series A funding round.

The round was led by McRock Capital, with participation from Connecticut Innovations and existing shareholders. As part of the financing, Scott MacDonald, co-founder & managing partner of McRock Capital, has joined the Triax board.

The company intends to use the funds to grow the team and scale its solutions.

Led by Robert Costantini, CEO, Triax develops and delivers a fully connected loT worksite platform through a proprietary communication hub designed for industries such as construction, energy, oil & gas, manufacturing, mining, heavy industrial and other challenging IT environments. Its Spot-r suite of wearable solutions addresses diverse digital needs, providing data-driven visibility to elevate worksite safety, efficiency and security, while minimizing health and safety risks.