Arrayent, the developer of a platform that can transform traditional consumer products into connected devices, added Orix to an investor base already containing Intel.
US-based internet of things (IoT) development platform Arrayent has closed a $15m series C round featuring the corporate venturing units of semiconductor product maker Intel and financial services firm Orix.
Orix Ventures invested $4m in the round, which reached an $11m first close in September 2015, joining existing investors Intel Capital, financial services provider Comerica Bank, DCM Ventures and Opus Capital
Arrayent is the creator of an IoT platform that can help consumer brands to convert ordinary products into…
