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HighByte Raises $875K Pre-Seed Round to Accelerate Growth

Mar 27, 2020•over 5 years ago

Amount Raised

$875,000

Round Type

seed

Portland

Description

 HighByte®, an industrial software company, today announced the close of its pre-seed round funded by independent angel investors and early-stage venture capital firms, including Maine Venture Fund and Switzerland-headquartered Momenta Ventures. Funding was received as $625K in convertible debt matched by a $250K long-term, low-interest loan from Maine Technology Institute (MTI). The financing provides HighByte with the capital runway needed for business development activities and additional R&D headcount in 2020.

Company Information

Company

High Byte

Location

Portland, Oregon, United States

About

HighByte is an industrial software development company in Portland, Maine building solutions that address the data architecture and integration challenges created by Industry 4.0. We've developed the first DataOps solution purpose-built to meet the unique requirements of industrial assets, products, processes, and systems at the Edge. Learn more at https://highbyte.com. HighByte is a registered trademark of HighByte, Inc.

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