Tech Company Financing Transactions
IOTech Systems Funding Round
IOTech Systems closed a $7.5 million Series A funding round on 11/20/2019. Backers included Dell Technologies Capital, Northstar Ventures and Scottish Investment Bank.
Transaction Overview
Company Name
Announced On
11/20/2019
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series A
Investors
Dell Technologies Capital (Lead Investor) (Gregg Adkin)
Proceeds Purpose
The company will use the funds raised to significantly expand channel support and acquisition capability across the U.S., Europe and APAC, accelerate product delivery and extend its professional service offerings particularly to support customer pilots and subsequent production deployment.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
The Core Science Central Bath Ln.
Newcastle upon Tyne, NE4 5TF
UK
Newcastle upon Tyne, NE4 5TF
UK
Phone
Website
Email Address
Overview
IOTech's aim is to be a leader in the global Edge/Fog IoT platform market through a productized open source business model and a channel strategy incorporating the key global IoT players who are looking to leverage OT software solutions and skills they do not currently possess.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Keith Steele
Chief Technical Officer
James White
VP - Bus. Development
Steve Jennis
VP - Engineering
Steve Osselton
VP - Product Management
Andrew Foster
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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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