Crate.io raises $11M and launches its hosted IoT data platform. – TechCrunch
Crate.io, the winner of our Disrupt Europe 2014 Startup Battlefield competition, today announced that it has raised an $11 million Series A round. In addition, the company also launched its ‘Crate Machine Learning Platform’ today, a new hosted solution for businesses that want to use the company’s SQL-based database platform for working with IoT data.
It was also this focus that made fundraising easier, Lutz told me. “What made the difference no is that very strong focus on machine data — in combinate with delivering sales,” he said. The fact that Crate now also has a number of well-known reference customers, including the likes of Skyhigh Networks and ALPLA, a packaging manufacturer that you have probably never heard of but that produces virtually all the bottles for Coca-Cola and Unilever for the U.S. market (as well as a bunch of other bottles that you probably have at home).