What is mCloud?
Founded in 2010, mCloud operates at the intersection of industrial IoT and energy management. The company provides sophisticated software solutions designed to curb energy waste, maximize production efficiency, and extend the operational lifespan of critical energy assets. With its headquarters in Vancouver, British Columbia, mCloud serves a diverse international clientele, helping enterprises navigate the complexities of modern energy infrastructure through data-driven insights and cloud-based analytics. Their market position is defined by a commitment to sustainability and operational excellence, enabling businesses to achieve carbon reduction targets while simultaneously improving bottom-line performance.
How much funding has mCloud raised?
mCloud has raised a total of $23.5M across 2 funding rounds:
Share Placement
$8.5M
Other Financing Round
$15M
Share Placement (2020): $8.5M, investors not publicly disclosed
Other Financing Round (2022): $15M led by Carbon Royalty Corp
Key Investors in mCloud
Carbon Royalty Corp
A specialized investment firm focused on carbon-related assets and sustainable energy infrastructure projects.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for mCloud?
With the successful closure of this major enterprise-level funding round, mCloud is expected to scale its proprietary technology platform and expand its footprint in key international markets. The strategic allocation of this capital will likely focus on enhancing the company's AI-driven diagnostic capabilities and deepening its integration with renewable energy assets. As the global industrial sector faces increasing pressure to decarbonize, mCloud's ability to provide actionable intelligence for energy efficiency makes it a critical player in the ongoing energy transition. Future growth will likely be characterized by strategic partnerships and the continued deployment of its cloud-based solutions to address the evolving needs of energy-intensive industries.
See full mCloud company page
