What is Losant?
Losant specializes in offering a robust, low-code workflow engine designed for seamless data orchestration and visualization. Its platform is engineered to cater to demanding sectors such as industrial IoT, asset tracking, and environmental monitoring. The company targets a broad clientele including OEMs, telecom companies, and enterprises aiming to refine their operational strategies through scalable and adaptable IoT solutions. With an infrastructure capable of processing millions of data points per second, Losant empowers enterprises to confidently manage their most data-intensive operations.
How much funding has Losant raised?
Losant has raised a total of $11.3M across 4 funding rounds:
Unspecified
$1.3M
Private Equity
$4.5M
Series A
$5.2M
Debt
$350K
Unspecified (2016): $1.3M with participation from CincyTech
Private Equity (2017): $4.5M, investors not publicly disclosed
Series A (2018): $5.2M supported by CincyTech, Revolutions Rise of the Rest Seed Fund, Vine Street Ventures, and TechNexus
Debt (2020): $350K featuring PPP
Key Investors in Losant
CincyTech
CincyTech, a public-private seed-stage investor based in Cincinnati, Ohio, focuses on sectors including enterprise software, business software applications, life sciences, and digital health, indicating a strategic interest in Losant's enterprise IoT capabilities.
Revolutions Rise of the Rest Seed Fund
The Revolutions Rise of the Rest Seed Fund is an investment vehicle focused on supporting early-stage companies across the United States, aligning with Losant's growth trajectory and innovative technology.
Vine Street Ventures
Vine Street Ventures, Inc. is a hospitality-focused real estate development firm. While their primary domain is hospitality, their investment in Losant suggests a diversification strategy or an interest in the application of IoT technology within the real estate and development sectors.
What's next for Losant?
The recent major strategic investment in Losant signals a strong validation of its market position and future growth potential. This influx of capital is expected to fuel further platform development, enhance its go-to-market strategies, and potentially expand its operational reach. As Losant continues to scale its enterprise IoT solutions, it is well-positioned to capitalize on the increasing demand for sophisticated data management and connected device capabilities, solidifying its role as a key player in the digital transformation landscape.
See full Losant company page
