Your Source for Venture Capital and Private Equity Financings

SmartCloud Earns $3M From Rockwell

2013-12-05
BEDFORD, MASSACHUSETTS, SmartCloud has received a $3 million strategic investment to increase its platform applications.
SmartCloud has announced that it received a $3 million strategic investment from Rockwell Automation to increase SmartCloud's Big Reasoning platform applications.

'We are pleased to work with Rockwell Automation, the world's largest company dedicated to industrial automation and information,' said Kim Mayyasi, SmartCloud CEO. 'They will help reinforce our market position and mission to become a leading provider of real-time xStream reasoning solutions for mission critical environments and the Industrial Internet of Things.'

'As remote monitoring of intelligent motor controls and other Internet-connected devices grows in demand, we believe that SmartCloud's technology and expertise will help us analyze data more efficiently to support real-time decision making using predictive analytics,' said Gary Pearsons, Rockwell Automation vice president of customer support and maintenance.

SmartCloud was founded in 2009 by four veterans of the process control and artificial intelligence industries. Its mission is to become a leading provider of real-time Big Reasoning solutions for mission-critical environments and the Industrial Internet-of-Things.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors