Litmus Automation Raises $1.5M Seed Round
Nov 01 2016
Litmus Automation, an Internet of Things (IoT) platform provider, announced it has raised a seed round of US$1.5MM through a number of angels from the US and Canada.
Litmus Automation’s core product, Loop, is a middleware cloud platform for the Internet of Things. With Loop, companies can securely connect any type of hardware, device, sensor or machine to the Internet and in real-time integrate the data being collected to any third-party software application or enterprise system (e.g. ERP, CRM, big data analytics, dashboards).
The company has garnered traction in the industrial and automotive sectors, and boasts Nissan and Renault as some of their biggest Fortune 500 clients.
+ The company graduated last year from the Alchemist Accelerator, and took part in two Canadian accelerators, Ryerson Futures/DMZ and MaRS.
+ Company was founded at the end of 2013 by Sacha Sawaya and Vatsal Shah
+ Specific investors were not disclosed