McRock Capital leads Series A
funding round for Praemo

1 minute read
22 August 2019
Client work

Adviser:

Derek Keay

On Aug. 22, 2019, Praemo Inc. announced the $3.5 million Series A funding round for the company's revolutionary Razor™ technology, led by McRock Capital Corporation.

Founded by industry veterans, Praemo generates actionable insights from existing IIoT and operational data. The company's Razor™ technology leverages Artificial Intelligence (AI) to deliver greater performance across industrial sectors, helping to improve the operational environments of its customers. Designed to be adaptive for a broad range of industries, the technology has been deployed in leading Automotive, Industrial Equipment Manufacturing, Injection Molding and Food and Beverage operations.

McRock Capital is a dedicated Industrial Internet of Things (IIoT) venture capital fund focused on the intersection of sensors and software in large industrial markets.

Derek Keay of Gowling WLG advised McRock Capital with respect to this funding round.

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Related   Tech, Private Equity, Artificial Intelligence (AI) Law

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