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Under the Radar: Bit Stew Systems Closes $1.5 Million Financing (CDN)
Tuesday, May 10, 2016Company Profile | Follow Company
Vancouver, BC, May 10, 2016--(T-Net)--Bit Stew Systems, a leader in Software Defined Operations for the Industrial Internet, has closed another $1.5 million financing ($1,130,000 US) in April 2016, according to an SEC filing in the US.
Bit Stew recently closed a major $20.6 million Series B round last year in May 2015 from GE Ventures, Cisco, Yaletown Venture Partners and BDC Capital.
About Bit Stew Systems
Bit Stew Systems, is the developer of the premier platform that solves the data integration challenge in the Industrial Internet of Things (IIoT). Bit Stew's MIx Coreā¢ platform handles complex data integration, data analysis, and predictive automation for connected devices in the Industrial Internet ecosystem.
In 2015, Bit Stew reported a record year with bookings and revenues increasing, and by closing the largest deal in the history of the company worth $8.82 M.
Bit Stew also raised an additional $20.9 million in Series B Funding from GE Ventures, Cisco, Yaletown Venture Partners and BDC Capital. Bit Stew earned global recognition by being ranked as one of the Top 100 Analytics Companies and Top 100 IoT Startups by Forbes in 2015.
The Canadian Venture Capital Association named Bit Stew as one of the Top 50 investments in Canada. Incorporated in 2009, Bit Stew is a venture-backed private company that is headquartered in Canada with offices in the USA, Australia and Europe. Visit www.bitstew.com