Praemo secures $4.5 million in new funding

09 October 2020

On October 9, 2020, McRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital, announced that it had increased its investment in Kitchener-based Praemo Inc., an innovative prescriptive analytics company that provides AI-based solutions for industrial operations. 

Caterpillar Venture Capital Inc. and BDC Capital Inc.'s Industrial Innovation Venture Fund co-invested in this financing.

Gowling WLG advised Praemo with respect to this funding with a team that included Todd Bissett and Andrew Griffin (corporate), assisted by law clerk Cynthia Thorne.

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