Tech Company Financing Transactions
Praemo Funding Round
Praemo, based in Kitchener ON, raised $3.4 million in funding from McRock Capital, BDC Venture Capital and Caterpillar Venture Capital.
Transaction Overview
Company Name
Announced On
10/14/2020
Transaction Type
Venture Equity
Amount
$3,425,000
Round
Undisclosed
Investors
Proceeds Purpose
This additional funding allows us to accelerate our technology roadmap while sharing our customers' successes more broadly across the industrial marketplace.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
175 Borden Ave. S 6
Kitchener ON, N2G 2Z3
Canada
Kitchener ON, N2G 2Z3
Canada
Phone
Website
Email Address
Overview
Praemo developed Razor anomaly detection technology utilizing real world experiences and problems to provide a non intrusive product which will analyze industrial data and translate it into actionable insights for our customers utilizing AI to enhance the value of actionable insights.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Martinez
Chief Financial Officer
Paul Hancock
Chief Technical Officer
Andrew Henderson
VP - Sales
Paul Boris
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We document every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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