Bosch and Sumitomo have kicked in for the internet-of-things technology developer's latest round, which comes almost 18 months after its Nokia-backed series A.
US-based internet-of-things (IoT) technology developer Sensoro raised $18m yesterday in a series B round featuring diversified conglomerate Sumitomo and industrial product and appliance manufacturer Robert Bosch.
The corporates were joined by private equity and venture capital firm Tsing Capital, and Bosch took part in the round through its corporate venturing arm, Robert Bosch Venture Capital (RBVC).
Founded in 2013 through software provider Microsoft’s Accelerator initiative, Sensoro produces beacons that collect and transmit data picked up by proximity and wireless sensor…
