Sumitomo Corporation of Americas Makes Strategic Investment in IoT Software Company ClearBlade
Summary
NEW YORK, Nov. 21, 2022 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA") announced today its investment in ClearBlade, an Internet of Things (IoT) company headquartered in Austin, Texas. "We are thrilled to announce our participation in ClearBlades growth to provide efficient, scalable, IoT solutions across multiple industries," said Taketo Kokubo, Senior Vice President and General Manager, Media & Digital Business Group, Sumitomo Corporation of Americas. "SCOA is an avid investor in digital and advanced technology and ClearBlade marks the companys first foray into the commercial IoT and Edge computing space in the Americas. As an integrated business enterprise, the firm has emerged as a major organizer of multinational projects, an expediter of ideas, an important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide. Its core business units include Tubular Products, Environment and Infrastructure, Steel and Non Ferrous Metals, Transportation and Construction Systems, Chemicals and Electronics, Media and IOT Applications, Real Estate, Mineral Resources and Energy, and Food.
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