McRock Capital

Landing AI, a provider of tools that make building and deploying AI systems in manufacturing faster and easier, has raised $57 million in Series A funding.

Edmonton, Alberta-based Samdesk, a provider of a global disruption monitoring tool that delivers real-time crisis alerts, has secured C$13.5 million in Series A financing.

Canadian venture capital firm McRock Capital has invested US$5 million in the Series C financing of OTTO Motors, a division of Kitchener, Ontario-based Clearpath Robotics.

McRock Capital, a Canadian industrial internet-of-things venture capital firm, has closed its second fund at C$112 million.

McRock Capital, a Canadian industrial internet-of-things venture capital firm, has raised C$80 million for its second venture fund. The target is C$100 million. Investors of McRock Fund II LP include Cisco Investments, Shell, BDC Capital, Export Development Canada, Alberta Enterprise Corporation and HarbourVest. Co-founded by Scott MacDonald and Whitney Rockley, McRock invests exclusively in industrial IoT companies across Canada, the US, and Europe.

Praemo, a Kitchener, Ontario-based industrial operations performance solution, has closed a Series A financing, raising $3.5 million. McRock Capital, a Canadian industrial internet-of-things venture capital firm, led the round. Launched in 2017, Praemo is the developer of Razor, an analytics engine that leverages artificial intelligence to predict and prevent disruption in industrial operations. The technology has so far been deployed in the automotive, industrial equipment manufacturing, injection molding, and food and beverage sectors. Led by CEO Michael Martinez, Praemo will use the round's proceeds to broaden its market reach, expand key partnerships, and further build out the Razor platform.

McRock Capital has led the Series B financing of Decisive Farming Corp, an Irricana, Alberta-based farm management software provider. The undisclosed round was joined by Export Development Canada (EDC). McRock, a Canadian industrial internet-of-things venture capital firm, also led the company's $6 million Series A financing in 2016 /canada/2016/11/3418053/ Founded in 2011 and led by CEO Remi Schmaltz, Decisive Farming provides precision agriculture and data analytics in an integrated platform to help increase the profitability, sustainability and technology ease-of-use of farmers. It will use the funds raised for growth through acquisitions, an enhanced sales team, and deployment of technologies including artificial intelligence.

McRock Capital has increased its stake in Invixium, a Toronto-based maker of biometric solutions and software analytics for access control and workforce digitalization. McRock, a Canadian industrial internet-of-things venture capital firm, invested through the company's Series B financing. As a result, it is Invixium's largest shareholder. The undisclosed round was led by Connecticut Innovations, which Invixium reported this month agreed to invest up to $1 million https://www.invixium.com/connecticut-innovations-to-invest-up-to-1-million-in-invixium%EF%BB%BF/ and joined by existing investor BDC Capital. Founded in 2012 by CEO Shiraz Kapadia, Invixium recently launched its TITAN line, a biometric device with facial recognition and finger vein or fingerprint authentication.

The acquisition is the fifth for Miovision, a Kitchener, Ontario-based provider of intelligent transportation solutions to help cities reduce traffic congestion while improving safety.

Miovision Technologies is a Kitchener, Ontario-based provider of intelligent transportation solutions

Based in Calgary, Stream Systems is a provider of business modeling simulation software.

Based in Kitchener, Ontario, Clearpath Robotics is a developer and seller of autonomous mobile robots systems.

E2ip Technologies is a Montreal-based developer of human-machine interface, industrial internet-of-things and smart structural surface solutions.

Winnipeg's MicroTraffic uses computer vision, video analytics, machine learning, and predictive modeling to analyze video traffic data.

Miovision has acquired Traffop, a Phoenix, Arizona-based developer of software solutions to improve traffic flow and make roadways safer.

Norwalk, Connecticut-based Triax Technologies, an IoT solutions provider connecting construction, energy, manufacturing and industrial worksites, has raised $12.5 million in Series A funding.