Tech Company Financing Transactions
Software Defined Automation Funding Round
Software Defined Automation secured a $10 million funding round on 10/31/2022. Investors included Insight Venture Partners, Baukunst VC and First Momentum Ventures.
Transaction Overview
Company Name
Announced On
10/31/2022
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Insight Venture Partners (Lead Investor) (Jon Rosenbaum)
Baukunst VC (Axel Bichara)
Proceeds Purpose
The company intends to use the funds to scale customer adoption and extend its solution portfolio.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Lichtenbergstraße 8
Garching near Munich, 85748
DE
Garching near Munich, 85748
DE
Phone
Undisclosed
Email Address
Overview
We provide Industrial-Control-as-a-Service for automation engineers by turning Programmable Logic Controllers (PLC) into software functions -- freeing industrial automation from the constraints of vendor specific hardware. This enables new degrees of freedom, increased productivity and improved resilience for manufacturers. Our offering is centered around cloud-based PLC management (TechOps), modern PLC code versioning and Git based collaboration (DevOps) as well as virtualization of PLCs on non proprietary servers (Virtual PLC).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Josef Waltl
Co-Founder
Axel Scheurer
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC transactions reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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