CloudOne, a Fishers-based Internet of Things (IoT) firm, announced a Series E venture funding raise of $9 million. Founded in 2010, this raise brings total equity investment in CloudOne to $21.9 million.
Plymouth Ventures of Ann Arbor, Mich. led the funding round with primary participation by Hercules Technology Growth Capital of Palo Alto, Calif. Existing investors participating in the round include Bootstrap Venture Fund, Chatham Ventures, Elevate Ventures and retired Indianapolis Colts football player (and proud techie) Ryan Diem. The investment will fuel CloudOne’s product innovation, IoT Development, IoT Analytics, and expansion of the CloudOne team.
CloudOne’s fourth consecutive year of 100% plus year-over-year revenue growth attributed to the company’s strategy of unifying embedded device software development along with big data analytics for the Internet of Things.
Some of the world’s largest and most recognized brands are CloudOne customers including: Chrysler, Whirlpool, McDonald’s, the U.S. Army, Owens Corning, Cummins, Blue Cross Blue Shield, Panasonic and Whole Foods, to name a just a few.
Read about how CloudOne got started and what makes them so successful today in this company profile from 2014.