Tech Company Financing Transactions
Cumulus Digital Systems Funding Round
Cumulus Digital Systems secured a $8 million funding round on 1/19/2021. Backers included GEC, Brick & Mortar Ventures and Shell Technology Ventures.
Transaction Overview
Company Name
Announced On
1/19/2021
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Undisclosed
Investors
GEC (Lead Investor) (Alexander Chmelev)
Brick & Mortar Ventures (Curtis Rodgers)
Proceeds Purpose
Cumulus will use the fresh capital to grow its sales and customer success teams in North America and Southeast Asia and its engineering team to add new capabilities to its platform.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
68 Moulton St. 200
Cambridge, MA 02138
USA
Cambridge, MA 02138
USA
Phone
Website
Email Address
Overview
Available maintenance solutions are siloed, often paper based, provide little real-time data, and offer little accountability at the individual worker level. The Internet of Tools will disrupt the industrial maintenance and inspection supply chain with unprecedented data transparency to deliver step-change improvements in facility safety, productivity, and work quality.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matthew Kleiman
Chief Technical Officer
Chiz Chikwendu
VP - Bus. Development
Meghan Golden
VP - Bus. Development
Mark Litke
VP - Customer Service
Derek Stewart
VP - Customer Service
Justin Wolf
VP - Engineering
Josh Napoli
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