Cumulus Raises $8M in Growth Capital to Make Industrial Facilities Cleaner, Safer, and More Productive
Cumulus Raises $8M in Growth Capital to Make Industrial Facilities Cleaner, Safer, and More Productive
01/15/21, 8:54 PM
Location
bostonMoney raised
$8 million
Cumulus Digital Systems, the startup building the Internet of Tools™ platform for the industrial workforce, announced today that it has raised $8 million in strategic growth capital led by new investor GEC, with participation from existing investors Brick & Mortar Ventures and Shell Ventures. Cumulus previously raised $7 million and will use the fresh capital to grow its sales and customer success teams in North America and Southeast Asia and its engineering team to add new capabilities to its platform.
Company Info
Company
Cumulus Digital Systems
Location
boston, massachusetts, united states
Additional Info
Cumulus Digital Systems connects workers, tools, and data to its cloud-hosted Internet of Tools™ platform to make industrial facilities safer, cleaner, and more productive. By collecting data from digitally enabled tools in the field, Cumulus’ platform provides maintenance and construction managers with real-time quality assurance and progress tracking, eliminating costly and unnecessary rework on the job. Founded in 2018 as a spin-out from Shell, Cumulus is headquartered in Cambridge, Massachusetts, and serves customers around the world. To learn more about Cumulus, visit www.cumulusds.com.