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Machfu raises $3.5M in series A round

Machfu raises $3.5M in series A round

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A developer of industrial “internet of things” products and services has raised $3.75 million in its series A round.

The investment in was led by CSL Ventures ,with participation from Blu Ventures, Texas Ventures and Texas Halo Fund.

The company intends to use the capital to expand in the in smart grid and oil and gas markets and grow its industrial offerings.

Machfu’s products and services integrate assets, sensors and control center systems to connect data for business analytics.

 

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