Tech Company Financing Transactions
Software Motor Company Funding Round
On 1/22/2020, Software Motor Company raised $25 million in funding from BMW i Ventures.
Transaction Overview
Company Name
Announced On
1/22/2020
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to raise its final round in summer 2020 -- plans to use the funds to expand its product line to support HVAC retrofit motors and bring to market its Building Operating System (BOS) platform to optimize energy and maintenance through intelligent automation.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
1295 Forgewood Ave.
Sunnyvale, CA 94089
USA
Sunnyvale, CA 94089
USA
Phone
Website
Email Address
Overview
The Silicon Valley based Software Motor Company is setting a new standard of efficiency, reliability, and intelligence with the SMC Smart Motor System. SMC combines modern computing and software control with the proven reliability of switched reluctance motor technology to achieve an unprecedented optimal efficiency.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Ryan Morris
Chief Executive Officer
Mark Johnston
Chief Technical Officer
Trevor Creary
Vice President
Piyush Desai
VP - Engineering
Federico Nusymowicz
VP - Engineering
Spencer Worley
VP - Human Resources
Jay Gardner
VP - Marketing
Eric Meyerson
VP - Operations
David Miles
VP - Product Management
Avid Boustani
VP - Sales
Carl Burrow
VP - Sales
Paul Wickberg
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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