Security News > 2019 > December > Machfu raises $3.75 million to accelerate IIoT in Smart Grid and Oil & Gas markets

Machfu, a leader in Edge Intelligence Platform and Applications for the Industrial Internet of Things (IIoT), announced that it has closed $3.75 million in its Series A round. This investment is led by CSL Ventures with participation from existing and new investors, Blu Ventures, Texas Ventures and Texas Halo Fund. The company will use the capital to accelerate its successes in Smart Grid and Oil & Gas markets and expand its footprint in the industrial … More → The post Machfu raises $3.75 million to accelerate IIoT in Smart Grid and Oil & Gas markets appeared first on Help Net Security.

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