Covacsis, creator of a data analytics product for factory owners, has added to its series A funding with an undisclosed amount from the corporate investors.
The corporate venturing units of conglomerate Reliance Industries and networking products company Cisco have invested an undisclosed amount in India-based enterprise software developer Covacsis Technologies, financial daily The Economic Times has reported.
Founded in 2009, Covacsis is developing a platform caked the Intelligent Plant Framework, which uses data analytics to manage factories more efficiently across a range of devices.
Covacsis plans to use the funds to further develop its product, and to expand its team and geographical reach, an area…
