Tech Company Financing Transactions
Litmus Automation Funding Round
Mitsubishi Corporation and private investors invested in a $7 million Series A venture round for Litmus Automation. The financing round was announced on 9/18/2019.
Transaction Overview
Company Name
Announced On
9/18/2019
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Series A
Investors
Mitsubishi Corporation (Lead Investor) (Takao Shinohara)
Proceeds Purpose
The new investment will help the company expand its sales and marketing efforts, namely though new hires who will join its team of roughly 40 employees.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
2107 N 1st St. 440
San Jose, CA 95131
USA
San Jose, CA 95131
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Litmus Automation's Loop and Loop Edge are the perfect combination of secure device connectivity, management and application integration for industrial manufacturing and the connected car. At Litmus Automation, we are trusted by Fortune 500 companies to solve the growing complexities in IoT.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vatsal Shah
Chief Financial Officer
Sacha Sawaya
Chief Operating Officer
John Younes
VP - Engineering
Dmitri Toubelis
VP - Engineering
Dmitry Zaytsev
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We report on all VC transactions involving tech companies. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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