IoT tech co Losant mobilizes $5.2 mn in funding

US dollar
Losant, an enterprise Internet of Things (IoT) start-up, has raised $5.2 million in Series A financing from new and existing investors.

CincyTech led the round with participation from Revolution’s new Rise of the Rest Seed fund, TechNexus, and Vine Street Ventures.

Ohio-based Losant helps companies — including Verizon, Bosch, and Hewlett Packard Enterprise — build connected solutions that allow leaders to make decisions based on meaningful, real-time data.

“Our customers are pushing new boundaries in industrial equipment monitoring, asset tracking, smart buildings, and more. With endless possibilities, Losant is uniquely positioned to help thousands of companies in their IoT journey,” said Charlie Key, CEO of Losant.

The investment is one of the first from Revolution’s Rise of the Rest Seed fund, a $150-million fund, led by Steve Case and JD Vance, to make early stage investments in startups outside of Silicon Valley.

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