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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

Norwalk

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.

Company Information

Company

Triax Technologies

Location

Norwalk, Connecticut, United States

About

Triax Technologies, Inc. develops and delivers a fully connected loT worksite platform through a proprietary communication hub designed for industries such as construction, energy, oil & gas, manufacturing, mining, heavy industrial and other challenging IT environments. Its Spot-r suite of wearable solutions addresses diverse digital needs, providing data-driven visibility to elevate worksite safety, efficiency and security, while minimizing health and safety risks. Triax enables intelligent, actionable insights, helping firms work safer and smarter. The company is privately held and based in Norwalk, Conn. More information can be found at www.triaxtec.com. LinkedIn Twitter: @TriaxSpotr * Spot-r Mesh, Spot-r Radius, Spot-r Access, and Proximity Trace are trademarks of Triax Technologies, Inc.

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech