EdgeIQ Raises $8.5 Million to Fuel Its Mission of Growing the Connected Product Economy
Summary
EdgeIQ, provider of DeviceOps software for the Connected Product Economy, announced that it raised $8.5 million in financing led by First Analysis with participation by Mathers Associates and Koa Labs. The latest investment will allow EdgeIQ to accelerate the release of new product capabilities, expand its leadership team, and grow overall global market presence. We were very deliberate in choosing financial partners that understand the enormous opportunity of helping connected product companies accelerate their business and digital transformation,” said Michael Campbell, Founder & CEO at EdgeIQ. “A lot of investors talk about being thesis-led, but the deep market knowledge and research-led approach of First Analysis was obvious from our first conversation.” First Analysis Managing Director Howard Smith commented, “Flexible and scalable DeviceOps is critically important to all companies providing connected products, and we believe companies will increasingly opt for third-party DeviceOps software. Recommended AI News: Nephio Sees Rapid Growth as More Organizations Commit to Simplify Cloud Native Automation of Telecom Network Functions [To share your insights with us, please write to sghosh@martechseries.com]
Funding
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