Vanedge Capital leads $2 mln seed financing of SensorUp

SensorUp, a Calgary Internet of Things (IoT) for geolocation platform, has raised $2 million in a seed-stage financing. The round was led by Vanedge Capital, a Canadian venture capital firm. Founded in 2011 by CEO Steve Liang, SensorUp provides data, analytics and artificial-intelligence solutions that enable organizations to aggregate IoT data from multiple systems and transform them into actionable insights. The company plans to use the funds raised for a go-to-market campaign and to create new solutions for smart cities, first responders and field-service management. Last year, Vanedge closed its second fund, Vanedge Capital II, at $161 million.

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