Machfu Raises $3.75 Million to Accelerate Industrial IoT | Business Wire
CSL Ventures, Blu Ventures, Texas Ventures and Texas Halo Fund lead investment in Machfu’s technology that securely connects critical assets and sensors to modern web services
ROCKVILLE, Md.–(BUSINESS WIRE)–Machfu, a leader in Edge Intelligence Platform and Applications for the Industrial Internet of Things (IIoT), announced that it has closed $3.75 million in its Series A round. This investment is led by CSL Ventures with participation from existing and new investors, Blu Ventures, Texas Ventures and Texas Halo Fund. The company will use the capital to accelerate its successes in Smart Grid and Oil & Gas markets and expand its footprint in the industrial space.