Oulu (Finland), Aug 12, 2014: CyberLightning Ltd., a company working in the field of 3D Industrial Internet of Things (IoT) today announced the completion of a US $4.2 million financing round, including commitments from Inventure, TEKES, the Finnish Funding Agency for Innovation, and EU sponsored funds. The company also announced the appointment of Inventure Managing Director Sami Lampinen to CyberLightning’s board.
Along with 3D Internet, CyberLightning works in the domain of Industrial Internet of Things and Big Data. Its end-to-end software platform CyberVille allows corporate customers to capture data from numerous sensors and measurement points, to analyse the captured data, and to present it in business intelligence dashboards. The company was set up in December 2010.
In May 2014, it introduced CyberVille, the platform that provides organisations with a strategic tool to control complex sensor and machine networks using a simple interface on any mobile device. The funding round allows CyberLightning to accelerate growth and push its international expansion, the company said in a press release.
“By building on open-source, standards-based Internet technology and following a modular architecture approach, we are able to accommodate a very wide range of data sets and readily integrate with existing enterprise platforms and tools,” said Ville Mickelsson, CEO of CyberLightning. “This is giving us terrific traction, both with initial customers and in discussions with potential partners in the global IoT ecosystem.”
Inventure is a leading early-stage venture capital company in the Nordics and Baltics, and invests in innovative and fast-growing companies. Inventure operates in Helsinki, Finland, and Shanghai, China.
Image Credit: CyberLightning & Inventure
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