Remote infrastructure monitor Rimot secures $1.2 mln in VC
Rimot, a Dartmouth, Nova Scotia-based remote infrastructure monitoring company, has raised $1.2 million in financing. Canadian early-stage venture capital firm Innovacorp invested $500,000, with the rest coming from angel investors. Founded in 2016, Rimot offers turnkey remote monitoring and analytics to help business and government organizations ensure the reliability of critical equipment in the field and minimize downtime, maintenance costs and risk. Led by CEO Andrew Boswell, Rimot will use the round's proceeds to accelerate its growth in Canada and the United States.
25 July 2019•2 mins read
