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What Does RtTech Software Do?
RtTech Software is a software development company which specializes in Real Time products that turn industrial data. It’s state of the art automation will help industries improve their manufacturing processes. It develops solutions to help the companies improve their asset availability and utilization and consumption.
This software development company uses their data to provide them valuable info in quickly to help the company increase its production volume and quality while lowering their costs and overall improve their performance.
How Much RtTech Software Funded?
RtTech Software was funded by $3 M led by McRock Capital, which is the world’s leading IoT industry. McRock Capital’s new McRock iNFund LP is to invest $2.5 M and New Brunswick Innovation Foundation will contribute $500K.
This funding is aided by other big institutions such as Cisco Investments, BDC capital, and Teralys Capital Innovation LP. All of it is to be worthy of $65 M when the funding will close this year.
What is next of RtTech Software?
Pable Asiron, CEO of RtTech Software said that it is an honor and privilege that McRock Capital have invested in RtTech. He said that Mc Rock Capital have been considering many companies, and they had many options where they could possibly have invested, but their investment is RtTech is a sign that they believe in RtTech Software is doing.
With the funding and the new product, RtTech Software is going to increase the staff members and the sales of the company. Currently it employs eleven members who are mostly working in the product development section and it has plan to employ ten more who are experts in sales and marketing in the next year.
More abour RtTech Software
RtTech Software is the software development company which makes industrial software apps, which means it takes the industrial data of a company and uses it in automated system to improve the performance. It was found in 2011 and has its headquarters in Moncton.
