Peloton Technology racks up $60 mln Series B

Silicon Valley-based Peloton Technology, a connected and automated vehicle technology company, has raised $60 million in Series B funding. Omnitracs led the round with participation from other investors that included Intel Capital, BP Ventures, Lockheed Martin, Nokia Growth Partners, UPS Strategic Enterprise Fund, Sand Hill Angels, Band of Angels, Birchmere Ventures and B37 Ventures.

North AmericaUSBriefs