McRock Capital

Consultancy : Company : Venture Capital

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Toronto, Ontario, Canada

With the widespread adoption of sensors, it’s safe to say that the “body” of the Industrial IoT revolution has already been built. The rapid proliferation of machine learning adoption tells us that the age of the “brain” is now upon us. Since our inception in 2012, McRock has been widely recognized as the first investment firm focused exclusively on the Industrial IoT.

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Praemo Raises CAD $4.5 Million from McRock, Caterpillar Venture Capital and BDC Capital’s Industrial Innovation Venture Fund

Date:

Topics: funding event

Organizations: Praemo, McRock Capital, Caterpillar

“We are excited to be working with Caterpillar Venture Capital Inc. and BDC Capital Inc.’s Industrial Innovation Venture Fund, and to expand our relationship with McRock. This group of investors speaks to the value Praemo brings to industrial operators; McRock as a leader in the industrial IoT technology space, BDC Capital as a key shareholder providing the capital needed to drive this next wave of advancement, and Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, engines, turbines and locomotives.”, said Michael Martinez, co-founder and CEO at Praemo. “This additional funding allows us to accelerate our technology roadmap while sharing our customers’ successes more broadly across the industrial marketplace.”

Read more at Praemo Press Releases