Friday, May 2, 2008

SensorLogic, the pioneer of intelligent asset management got $9 million Series C round of funding

What Company Is Offering:
SensorLogic is a market leader in providing hosted M2M applications and web-based development platforms. SensorLogic’s XpressIQ service suite combines a fully integrated wireless data network, finished application products and a hosted service infrastructure that makes deploying M2M applications happen in days, not months. SensorLogic customers using XpressIQ will increase their time to market with applications that improve asset visibility, extend the life of assets, create new revenue streams, distinguish them from competition and retain strong customer relationships for future sales.

How Much They Got From VCs:

SensorLogic, the pioneer of intelligent asset management, announced the closing of a $9 million Series C round of funding, which brings the current total to $25 million in support of SensorLogic’s 2008 market launch of XpressIQ Service Suite – the first software-as-a-service (SaaS) platform for M2M solutions. SensorLogic’s blue-chip investors include Boston Millennia Partners, Sevin Rosen Funds, Hunt Ventures, STARTech Early Ventures, UPS Strategic Enterprise Fund and Star Ventures.

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