Menu

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
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Editorial Director

SHARE THIS ARTICLE
Related Articles

Transforming Field Service: Integrating and Optimizing Microsoft Teams and Dynamics

By: Arti Loftus    8/4/2022

Manufacturers are utilizing real-time data analysis, artificial intelligence (AI), machine learning, and most notably the Internet of Things (IoT) to …

Read More

Sensata Technologies Launches IIoT Platform to Boost Manufacturing Productivity

By: Stefania Viscusi    4/26/2022

Sensata Technologies just launched a new platform, Sensata IQ that tracks and manages data from IoT devices and sensors around the factory to help pre…

Read More

ISG Report Highlights IoT Interest Despite 5G Concerns

By: Maurice Nagle    9/9/2021

The 2021 ISG Provider Lens Internet of Things - Services and Solutions Report for the U.S. noted growing curiosity in leveraging 5G for enterprise IoT…

Read More

Deloitte, WSU Put Smart Factory on Display

By: Maurice Nagle    8/10/2021

Efficiency is a symptom of successful operations. For a factory environment, efficiency is paramount and through a group approach, the IoT is capable …

Read More

Wireless on Factory Floor: What does it Take to Make a Factory Smarter?

By: James Brehm    4/30/2021

There are a lot of moving parts that make the factory smart and utilizing wireless technologies is one of such parts. While wireless technologies have…

Read More