Litmus Automation secures $7M in Series A financing
By DE StaffAutomation Machine Building
Industrial Edge Computing platform provider says funding will expand and accelerate company’s growth.
Litmus Automation, an Industrial Edge Computing platform provider with offieces in San Jose Californa and Toronto, announced it has completed a $7 million Series A round of financing led by Mitsubishi Corporation. The investment brings Litmus Automation’s total funding since launching its secure platform to $12.6 million.
Run on an IoT gateway or IPC, the company’s LoopEdge platform connects to any type of PLC or industrial system to collect, process and analyze data at the Edge, as well as secure connectivity to the Cloud or other enterprise integrations. Loop EdgeManager aggregates data in the cloud or on-premise, with built-in analytics and real-time visualization of data.
“We invested in Litmus Automation because their Edge Computing platform fills a huge gap in the market,” said Takao Shinohara, GM of Mitsubishi. “We are confident in their excellent team and their ability to help companies realize the value of Industry 4.0 quicker and more effectively than any other provider. They already have key customers and OEM channels in place and we look forward to helping them expand.”