12 October 2017 – SAN JOSE, CA – Litmus Automation, an Industrial Internet of Things (IIoT) platform provider, today announced they have been selected as one of the most innovative technology companies in Canada, earning a spot on the Canadian Innovation Exchange (CIX) Top 20 list for 2017. The CIX Top 20 program is Canada’s largest national showcase of the hottest and most innovative emerging tech companies.
“We are honored to be chosen for the CIX Top 20 and look forward to sharing our story at CIX 2017,” said Vatsal Shah, co-founder and CEO of Litmus. “Loop and LoopEdge have been well-received in the IIoT industry and receiving this type of validation for our business model and product offerings is icing on the cake.”
Litmus’ Loop and LoopEdge Solutions enable data collection, data manipulation and quick analytics with real-time visualization on top. Loop lets customers securely connect any type of hardware, device, sensor or machine to any third-party software application or enterprise system in real-time with a simple interface.
Hundreds of CIX Top 20 applications are submitted each year from across Canada. The CIX Selection Committee evaluated and selected 20 companies based on five criteria including Business Model, Quality of Product, Service Offering, Market Opportunity and Depth of Management. Past Top 20 alumni include Achievers, Axonify, BlueJLegal Breather, Busbud, CareGuide, Chango, D-Wave, Figure 1, Frank & Oak, Hubba, IGLOO, Influitive, Kobo Books, League, Nuology, ScribbleLive, Thalmic Labs, Unata, UrtheCast, Vidyard, Wattpad and Wealthsimple.
“The CIX Top 20 Program had a record number of applications this year, with a high proportion of early-stage companies,” said Lauren Linton, Executive Director of CIX. “It is exciting to see so many young tech companies with such great potential contribute to Canada’s success as a global innovation leader.”
As a part of the CIX Top 20, Litmus Automation will present to an audience of over 800 investors, customers, and partners at CIX 2017 in Toronto on Oct. 17-18, 2017.
Canadian Innovation Exchange (CIX)
CIX is the must attend event for leaders in Canada’s innovation ecosystem. In its 10thyear, CIX attracts 750+ technology industry leaders, tech entrepreneurs, investors (VCs, corporates, angels) and advisors from across the Canada and globally. This exclusive event showcases Canada’s most innovative and promising young tech companies and provides the tools for networking, building new relationships and increasing deal flow. CIX facilitates hundreds of new relationships and has fostered hundreds of millions of dollars in transactions.