Veniam Receives $22,000,000 Series B Financing

  • Feed Type
  • Date
    2/11/2016
  • Company Name
    Veniam
  • Mailing Address
    331 West Evelyn Avenue Mountain View, CA 94041 USA
  • Company Description
    Leveraging the 1 billion vehicles around the globe, Veniam delivers advanced networking technology that connects infrastructure, people and moving things to each other and to the Internet.
  • Website
    http://www.veniam.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $22,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funding will enable Veniam to expand its full-stack platform and deliver managed services over networks of connected vehicles to be deployed in urban fleets, ports, airports, factories and other transportation ecosystems around the world, including New York, Singapore, Barcelona, and London. Veniam will also grow its teams in Silicon Valley, Porto (Portugal) and Singapore to continue developing its innovative hardware, software and cloud components, while delivering city-scale mesh networks of vehicles that expand wireless coverage and act as mobile sensors for a wide range of applications.
  • M&A Terms
  • Venture Investor
    Verizon Ventures
  • Venture Investor
    True Ventures
  • Venture Investor
    Union Square Ventures
  • Venture Investor
    Cisco Investments
  • Venture Investor
    Cane Investments
  • Venture Investor
    Yamaha Motor Ventures

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