Arrayent Raises $11.9M in Series B Funding
Summary
Arrayent, a Redwood City, California-based provider of virtualization technology for the Internet of Things, raised $11.9m in Series B Funding.The company intends to use the funds to expand the platform and continue to grow its customer base within strategic global markets.Led by Shane Dyer, founder and CEO, Arrayent provides a platform that allows companies to build a wide range of compatible connected products so that home appliances can be controlled with a single smart phone application.Customers include Whirlpool, Pentair, First Alert and Chamberlain as well as other U.S. retailers.In Europe, the company is also partnered with SALUS Controls plc, a supplier of thermostats.
Funding
Amount
$11.9M
Total raised
Date
November 12, 2013
Announcement date
Investors
Intel Capital, CRCM Ventures, DCM Ventures
Lead investors
Company
http://www.arrayent.com
Funded company
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applications
Business Intelligence
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