Triax Technologies Raises $12.5 Million Series A Funding Round To Expand Team, Scale Globally
Jun 17, 2021•about 4 years ago
Amount Raised
$12.5 Million
Round Type
series a
Description
Triax Technologies, Inc., a leading Internet of Things (IoT) solutions provider connecting construction, energy, manufacturing and industrial worksites, announced today that it has raised a Series A funding round of $12.5 million. The round, led by McRock Capital, an institutional investor focused on industrial IoT, along with Connecticut Innovations and support from existing shareholders, will be used to grow the Triax team and scale its solutions globally. As part of the financing, Scott MacDonald, co-founder & managing partner of McRock Capital, has joined the Triax board.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech