Santa Monica-based Sixgill wasted no time in kicking off this week's news cycle, announcing this morning that the developer of sensor data services for governing Internet of Everything applications had officially closed a $27.9 million Series B.
Led by previous investor DRW Venture Capital — with participation from Mobile Financial Partners — the round has already helped the company transform its proximity services platform to an enterprise-grade sensor data management platform and product suite. In addition to product development, the funds will be used to help the company scale its team accordingly.
“Successfully governing IoE requires capturing all of the sensor and contextual data, pinpointing relevant data intersections from noisy streams and triggering automated responses to pertinent events quickly,” said CEO Phil Ressler in a statement. “Our data services platform offers total flexibility for organizations to develop responsive, sensing IoE applications with no limits on data sources, data-diversity, applications or scale.”
The Series B brings the company's total fundraising to just shy of $34 million. Last year, the 10-year-old company raised a $6 million Series A, led again by DRW Venture Capital.
Images via Shutterstock.
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