Crate.io raises $11M and launches its hosted IoT data platform.

Funding Rounds

▤ Summary

Crate.io , the winner of our Disrupt Europe 2014 Startup Battlefield competition, today announced that it has raised an $11 million Series A round.In addition, the company also launched its ‘Crate Machine Learning Platform’ today, a new hosted solution for businesses that want to use the company’s SQL-based database platform for working with IoT data.Existing investors, including Draper Espirit, Vito Ventures and Docker founder Solomon Hykes also participated.Crate co-founder and CEO Christian Lutz told me that over the course of the last year or so, the company has seen a large increase in paying customers, which now tally up to about 30.That’s not a major surprise for two reasons: a) many of Crate’s industrial customers are already betting on Azure anyway and, b) Crate was part of the 2017 class of the Microsoft Growth Accelerator in Berlin.

$ Funding

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Amount $14.0M Total raised
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Date June 19, 2018 Announcement date
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Investors Momenta Partners, Draper Esprit, ALPLA, Zetta Venture Partners, Vito Ventures Lead investors
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Company http://www.crate.io Funded company

▥ Classifications

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applications
Engineering & Scientific

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▦ Linked Companies

Crate.IO
$1M to $5M