4 September 2019 – SAN JOSE– Litmus a California-based Industrial Edge Computing platform provider, completed a $7m Series A financing. The round, which brought total funding since launching to $12.6m, was led by Mitsubishi Corporation.
The company intends to use the funds to ramp up sales and marketing efforts.
Led by Vatsal Shah, CEO, Litmus Automation provides LoopEdge and Loop, which work together to give companies data and device management solutions to optimize both how they run their business and how their customers’ businesses operate. LoopEdge provides Industrial device connectivity with seamless edge computing. Loop provides a tool to manage the complete lifecycle of edge and IoT deployments. Customers include 10+ Fortune 500 manufacturing companies, while partners like Siemens, HPE, Intel and SNC Lavalin expand the company’s path to market.
“We already have key customers and channels scaling up nicely but we are seeing the market expand and adopt Industry 4.0 at a more rapid pace – the funding will allow us to capture this opportunity” - Vatsal Shah, Co-founder and CEO of Litmus
“We invested in Litmus Automation because their edge computing platform fills a huge gap in the market.” - Takao Shinohara, General Manager of Mitsubishi
About Litmus Litmus is an Industrial Edge Platform company based out of California, US. For more information visit https://litmus.io.