Phoenix Contact leads financing of iS5 Communications
IS5 Communications Inc, a Toronto-based provider of integrated services and solutions for industrial Ethernet products, has raised an undisclosed financing. The round was led by Phoenix Contact Innovation Ventures, the venture investment arm of Phoenix Contact Group, a German maker of components and systems for electrical connection and industrial automation technology. The round's proceeds will help further develop and commercialize iS5Com's RAPTOR platform, which allows users to securely connect and manage their mission-critical networks. The company was founded in 2012 by CEO Clive Dias.
21 March 2018•3 mins read
