iMatrix Systems: Raises Over $2M in Initial Funding

iMatrix Systems Raises Over $2M in Initial Funding

  • iMatrix Systems, a Lake Tahoe, NV-based Industrial Internet of Things (IIoT) solutions provider, raised over $2M in initial funding
  • The backers were not disclosed
  • The company intends to use the funds to launch its SaaS iMatrix Cloud IoT solution, including a portfolio of wireless sensors
  • The company is advancing a SaaS iMatrix Cloud IoT solution, including a portfolio of wireless sensors
  • The company is an ideal monitoring/management security solution for agriculture, residential and commercial buildings, the emerging commercial cannabis industry
  • Target markets include the temperature logger vertical, medical markets for the blood supply and biospecimen chain, restaurant, and hospitality for food and spirits
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Experian Strengthens Services with Atdata Acquisition

The acquisition boosts Experian's email identity verification capabilities.Highlights: Experian has acquired Atdata, enhancing its email verification services.The deal...

Crypto.com Secures Conditional Approval for National Trust Bank Charter

The crypto exchange aims to expand its financial services in the U.S.Highlights: Crypto.com receives conditional approval for a...

PayPal Draws Takeover Interest Amid Market Changes

Bloomberg reports on potential acquisition speculations surrounding PayPal.Highlights: PayPal has caught the attention of potential buyers, according to...

Chase Accelerates Expansion with 160 New Branches by 2026

The banking giant aims to enhance accessibility for customers across the U.S.Highlights: Chase plans to open 160 new...