SmartCloud Receives $3M Strategic Investment from Rockwell Automation

Funding Rounds

▤ Summary

SmartCloud, Inc., a Bedford, Mass.-based specialist in Big Reasoning solutions for extreme mission-critical environments, received a $3m strategic investment from Rockwell Automation (NYSE: ROK).The company intends to use the proceeds to increase its applications.Founded in 2009 and led by Kim Mayyasi, CEO, Steven Fraleigh, chief technology officer, Paul Lindenfelzer, executive vice president of sales and operations, and Mike Barnett, executive vice president of knowledge engineering, SmartCloud has developed technology that unifies stream, processing, Semantic Web, and multi-agent architectures in its platform.The company implemented a situation awareness system to monitor North America’s bulk power system and alert staffs at the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp. (NERC) about emerging situations that could impact reliability.Rockwell Automation is a Milwaukee, Wis.-based company dedicated to industrial automation and information, which employs over 22,000 people serving customers in more than 80 countries.

$ Funding

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Amount $3.0M Total raised
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Date December 5, 2013 Announcement date
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Investors Rockwell Automation Lead investors
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Company smartcloud.ie Funded company

▥ Classifications

industries
EduTech - institutions
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Industrial Automation Software Manufacturing Software Enterprise Resource Planning (ERP) Software

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