Secures $7 Million Series A Financing From Mitsubishi Corporation

Funding Rounds

▤ Summary

“We invested in Litmus Automation because their Edge Computing platform fills a huge gap in the market,” said Takao Shinohara, General Manager, Mitsubishi. “We are confident in their excellent team and their ability to help companies realize the value of Industry 4.0 quicker and more effectively than any other provider. They already have key customers and OEM channels in place and we look forward to helping them expand.” Litmus Automation was recently positioned in the 2019 Gartner Magic Quadrant for Industrial IoT Platforms. “We already have key customers and channels scaling up nicely but we are seeing the market expand and adopt Industry 4.0 at a more rapid pace – the funding will allow us to capture this opportunity,” said Vatsal Shah, CEO and co-founder of Litmus Automation. “Manufacturing customers know they want to collect valuable data from their existing and new industrial systems and use it to make business decisions in real time.

$ Funding

$
Amount $7.0M Total raised
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Date September 4, 2019 Announcement date
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Investors - Lead investors
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Company http://www.litmusautomation.com Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
Industrial Data Software Edge Computing Industrial AI

▦ Linked Companies

Litmus
$10M to $25M