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Arrayent Raises $11 Million VC Funding

Wednesday, September 23, 2015 5:04:00 AM PDT | VentureDeal
   Redwood City, California  --  Internet of Things software technology company Arrayent has received $11 million in new venture capital funding.

Arrayent has developed a platform for connected products that enables manufacturers to connect consumer products to the Web and smartphone applications.

Investors in the round included DCM Ventures, Intel Capital, Opus Capital, Comerica Bank and other undisclosed investors.

The company said it would use the proceeds to "increase the number of use cases" its products enable for customers.

CEO Cyril Bagnone Has been with the company since January 2012 when he started as Director of Product - Engineering.

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