LAKE WALES, Fla.- – The inventor of the connected platform for Internet of Things (IoT) brands such as Whirlpool, Pentair, Maytag, Salus, Osram, Braeburn, Schumacher, Chamberlain, Monster, LiftMaster and more landed $15 million in Series C funding today from ORIX Ventures (Dallas, Texas).
“Arrayent’s Connect Platform enables major consumer brands to transform traditional products into connected devices that make life safer, more convenient and better for users,” Arrayent's chief executive officer (CEO) Cyril Brignone told EE Times.
Arrayent has certainly sold that message to companies across the globe who have chosen itsplatform to cost effectively, according to Brignone, add Internet connectivity to their products and cultivate a closer relationship with their customers.
“We are a Gartner Cool Vendor for the IoT space,” Brignone said. “And provide connected product capabilities to leading brands across the globe.”
Although $15 million seems to be more money than they need for the job, Arrayent claimed it needed the Series C funding round to expand its existing presence in the U.S., Europe and Asia.
“We are in the process of increasing our global sales and partnership teams and driving efforts to both generate more awareness, and to close deals with leading global brands,” Brignone said.
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