Funding

Filament Raises $5M in Series A

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What does Filament do?

Filament, is an enterprise tech company which creates smart industrial infrastructure by connecting existing machinery, assets and equipment to a wireless sensor network. The company provides turnkey wireless sensor networks for industrial customers which lets people retrofit any existing machine, sensor or device. The company lest us create a smart, connected infrastructure in a low risk, low cost and decentralized way.

The real benefit is when connected devices are autonomous, and can discover, transact and interact with other devices directly and no central authority is necessary. The company is building the 1st decentralized Internet of Things stack, for ensuring that devices can securely communicate and transact value without any soiled infrastructure necessary. The company is used by Fortune 100 companies, Industrial Customers, Startup Entrepreneurs and researchers.

How much Filament was funded?

Filament raised $5M in Series A funding on August 18, 2015 from Bullpen Capital (Lead), Digital Currency Group, Crosslink Capital, Haystack, Techstars, Samsung Ventures and Verizon Ventures

Previous funding

  • $105.2k in Product Crowdfunding on February 13, 2013
  • $50k in Undisclosed round on February 5, 2014 from VegasTechFund
  • $1Min Seed funding on August 19, 2014 from David Cohen, Resonant Venture Partners, First Step Fund and VegasTechFund

What is next for Filament?

Filament is developing new block chain technologies which allow businesses for easily deploying and operating standalone sensor networks with existing infrastructure, in any environment with or without cloud. The company is building the essential parts of the future of Internet of Things ecosystem.

More about Filament

Filament was founded on April 1, 2012 by Sally Carson and Eric Jennings. It has its headquarters in Reno, NV. The company provides an industrial network which focuses on Internet of Things applications by providing long range wireless sensor networks secured by block chain technology.

 

 

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