Tech Company Financing Transactions
PingThings Funding Round
On 3/31/2015, PingThings announced $1.1 million in funding from Frost Data Capital.
Transaction Overview
Company Name
Announced On
3/31/2015
Transaction Type
Venture Equity
Amount
$1,102,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
2150 Park Pl. 100
El Segundo, CA 90245
USA
El Segundo, CA 90245
USA
Phone
Website
Email Address
Overview
PingThings provides PredictiveGrid, a platform that extracts intelligence from volumes of electric utility data to enhance grid stability against a wide array of adverse events, such as a failing transformer or a geomagnetic disruption (GMD) event.
Management Team
Title
Name
Email & Social
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