What is Losant?
Losant is a sophisticated enterprise Internet of Things (IoT) platform engineered to streamline the creation of connected solutions that provide immediate insights and actionable intelligence. Its core offering includes a low-code workflow engine designed for efficient data orchestration and visualization. The platform is particularly suited for industries such as industrial IoT, asset tracking, and environmental monitoring. Losant targets a diverse clientele, including Original Equipment Manufacturers (OEMs), telecommunications companies, and businesses aiming to optimize their operational strategies through scalable and adaptable IoT frameworks. With a robust infrastructure capable of processing millions of data points per second, Losant empowers enterprises to manage their data-intensive operations with confidence.
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 TechNexus, Revolutions Rise of the Rest Seed Fund, CincyTech, and Vine Street Ventures
Debt (2020): $350K featuring PPP
Key Investors in Losant
TechNexus
TechNexus Venture Collaborative is an innovative platform that fosters growth by creating ecosystems between corporations and startups. It focuses on building and scaling high-growth businesses through corporate joint ventures, venture capital funds, and hands-on venture building.
CincyTech
CincyTech, headquartered in Cincinnati, Ohio, is a public-private seed-stage investor company. They specialize in industries such as enterprise software, business software applications, life sciences, and digital health.
Vine Street Ventures
Vine Street Ventures, Inc. is a full-service hotel development services company based in Dallas, specializing in hospitality-centered mixed-use real estate projects. They focus on maximizing value for clients through innovative architecture, modern aesthetics, sustainability, and brand alignment.
What's next for Losant?
The recent major strategic investment in Losant signals a strong validation of its enterprise IoT platform and market strategy. This capital infusion is anticipated to fuel further development of its low-code workflow engine and data visualization capabilities, enhancing its appeal to industries requiring sophisticated IoT solutions. Losant is likely to focus on expanding its market reach, particularly within industrial IoT and asset tracking sectors, and strengthening its partnerships with OEMs and telecom providers. The company's ability to handle high-volume data processing positions it for significant growth as enterprises increasingly rely on real-time data for operational efficiency and strategic decision-making.
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