State Auto Labs Fund and returning investor Innogy Ventures contributed to a round that boosted the total raised by the data processing software provider to more than $16m.
Germany-based signal-processing technology developer Teraki has completed an $11m series A round with backing from Innogy Ventures, a strategic investment vehicle for energy utility Innogy.
Multi-family office Horizons Ventures led the round, which also featured an unnamed Japan-based technology company as well as State Auto Labs Fund, which is backed by insurance provider State Auto, in addition to Bright Success Capital, Paladin Capital Group and Castor Ventures.
Teraki has created advanced data processing software it claims makes automotive and internet-of-things…
