RtTech Software Raises $3M in Series A Financing

Funding Rounds

▤ Summary

RtTech Software, a Moncton, Canada-based company that specializes in real time products that turn industrial data into information that can be used to improve efficiencies, raised $3m in Series A financing.The round was led by McRock iNFund, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital, with participation from existing investor New Brunswick Innovation Foundation.As part of this financing, Scott MacDonald and Whitney Rockley, the co-founders of McRock, have both joined RtTech’s Board of Directors.Led by Pablo Asiron, CEO, RtTech develops and markets software apps that provide Operational Intelligence for industrial facilities.The company offers two main solutions: RtDuet, a real-time software app designed to improve equipment availability and utilization in industrial facilities like manufacturing and power generation, and RtEMIS, an energy management information system designed to reduce energy consumption.

$ Funding

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Amount $2.4M Total raised
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Date February 24, 2015 Announcement date
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Investors New Brunswick Innovation Foundation, McRock Capital Lead investors
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Company http://www.rttechsoftware.com Funded company

▥ Classifications

industries
AgriTech
applications
Facilities Management

◇ AskAI Classifications

Labels
Industrial Analytics Software Operational Efficiency Software Manufacturing Software

▦ Linked Companies

RtTech Software
$1M to $5M