What is TeleSense?
Founded in 2013 and headquartered in Sunnyvale, California, TeleSense specializes in Industrial Internet of Things (IIoT) and real-time environmental monitoring. The company's technology is crucial for managing environmental risks across the grain and food production, storage, transport, and retail industries. By providing continuous monitoring, TeleSense aims to enhance the safety and integrity of the global food supply chain, addressing critical challenges from farm to fork.
How much funding has TeleSense raised?
TeleSense has raised a total of $17.1M across 3 funding rounds:
Series A
$6.5M
Debt
$350K
Series B
$10.2M
Series A (2018): $6.5M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Series B (2020): $10.2M supported by UPL, Fulcrum Global Capital, Mindset Ventures, Artesian Venture Partners, and Finistere Ventures LLC
Key Investors in TeleSense
Mindset Ventures
Mindset Ventures is a venture capital firm focused on early-stage B2B startups in the United States and Israel, particularly in sectors such as Agriculture, Financial Services, Healthcare, Cybersecurity, and Enterprise Software. The firm aims to support the growth of innovative companies by providing access to advisors and potential clients in the Latin American market. Mindset Ventures collaborates closely with founders and key executives to drive business value and achieve significant results. Their commitment to fostering connections and mentorship sets them apart in the venture capital landscape.
Fulcrum Global Capital
Fulcrum Global Capital is an investor in TeleSense's Series B funding round. Further details on their investment focus are not publicly available.
Finistere Ventures LLC
Finistere Ventures LLC is a venture capital firm that has invested in TeleSense's Series B funding round. Their focus often includes AgTech and food supply chain innovations.
What's next for TeleSense?
With the recent major strategic investment, TeleSense is poised for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its IoT solutions, enhance its real-time environmental monitoring capabilities, and strengthen its presence within the global food supply chain. The company's focus on addressing critical risks in food production and storage positions it for continued innovation and leadership in the AgTech and Industrial IoT sectors.
See full TeleSense company page
