True Ventures leads $4.9 mln Series A for Veniam
Summary
This new data will usher in smarter cities, connect more people to the environments through which they move, improving the quality of life and enabling myriad socioeconomic benefits that to-date have only been conceptualized in theory. Veniam’s hardware, software and cloud solutions deliver the networking fabric for the Internet of Moving Things, establishing a platform for a whole new set of apps and products that people use every day. Backed by leading venture capital firms and angel investors from the San Francisco Bay Area, New York, Boston, London and Lisbon, the company has developed its technology in partnership with major academic institutions, and is currently working with some of the world’s largest global innovators in the automotive, Internet and hardware sectors. With a mission to make the world a better place for entrepreneurs, True encourages each founder’s vision and has built resources to empower the employees, families and communities of its portfolio companies. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact.
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