Smart Factories FEATURE NEWS

Cloudleaf Secures $13 Million Series A Funding for Enterprise IoT

By Ken Briodagh September 20, 2017

Cloudleaf, a Silicon Valley Enterprise IoT startup specializing in Smart Manufactuing, recently announced that it has secured $13 Million in Series A funding from IndusAge Partners, Bold Capital Partners, Tandem Capital, Mahindra Partners and other seasoned angel investors. This funding is slated to help Cloudleaf bring its patented Sensor Fabric to market, which is designed to ease the process of digitizing enterprise IoT operations.

Sensor Fabric is a mesh of intelligent IoT sensors, endpoints, gateways and cloud technologies that generates a unique digital fingerprint, encoded with location and contextual metadata like temperature, shock and vibration. The company’s patented location engine, middleware and cloud applications then transform that metadata into actionable insights with the goal of speeding up development time, and providing more engaging user-experiences and deeper operational insights. Dashboards provide alerts, notifications, metrics, trends, analytics and KPIs related to inventory, product quality, audit and regulatory compliance, while Cloudleaf’s extensive library of APIs, SDKs and pre-built connectors enable integration with existing enterprise systems, including ERP, MRP, MES and analytics.

“Cloudleaf’s technology has the potential to be a critical game-changer in the enterprise IoT space, especially when it comes to extracting operational efficiencies in today’s complex value-chains,” said Sriram Viswanathan, Founding Managing Partner, IndusAge Partners. “It’s a massive market opportunity and we strongly believe in the seasoned management and technology team, with their years of industry expertise, to build a highly scalable business.”

Although Cloudleaf’s current focus is upon manufacturing, distribution and pharmaceutical, Cloudleaf is rapidly building solutions applicable to other verticals. Some of Cloudleaf’s key customers include: ArcelorMittal, Dickten Masch Plastics, Magna and Shire.

“We are excited to have these leading investors on board. This round of funding will enable us to drive continuous innovation and establish key partnerships,” said Mahesh Veerina, President and CEO, Cloudleaf. “Customers love the quick time-to-value of our technology and we are pleased with the rapid traction in the market."

Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

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