July 4, 2020

FogHorn -$25 Million

Foghorn

Sunnyvale, CA; 2/25/20

Amount Funded: $25 Million

Type: Series C

Lead Investor: LS Corporation

Participating Investor(s): Forte Ventures, Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners, Darling Ventures

Funds raised thus far: $72.5 million

Company Description: FogHorn is a leading developer of edge intelligence software for industrial and commercial IoT application solutions. FogHorn’s software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. FogHorn’s technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building and connected vehicle applications. 

What funding will be used for:

Accelerate growth, particularly in East Asia

Quotes:

“2019 proved to be a banner year for FogHorn for license bookings, new customer acquisition and innovation.”

-David C. King, CEO, Foghorn

Notes:

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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