GreenSky Capital Inc. (â€œGreenSkyâ€) is very pleased to announce that the GreenSky Accelerator Fund IV, LP (â€œthe Fundâ€) has led a CAD $2.8 million financing round in Symboticware (https://www.symboticware.com/). The round was supported by MaRS Investment Accelerator Fund, Celtic House Asia Partners, Axion, and other angel investors, including members of the GreenSky Presidentâ€™s Club.
Symboticware is a provider of Industrial IoT hardware, AI and data management solutions to the resource industry. Symboticwareâ€™s solutions have been adopted by the mining industry leaders and have been implemented across 30 mine sites globally. Symboticwareâ€™s Industrial IoT solution can connect to various off-highway mobile assets and collect essential data. The collected data will be provided to the site operators through Symboticwareâ€™s 4-Sight.ai Cloud solution for real-time monitoring, operation optimization, safety, and GHG reduction.
Kirk Petroski, Founder and Executive Chairman, â€œFor the last decade, Symboticware has addressed the major challenges with remote data collection and connectivity. Today with the support of our investors, a growing team and industry know-how, we will deliver valuable operational insights through our 4-Sight.ai software platform for our global customers.â€
GreenSky Managing Partner Greg Stewart added, â€œSymboticware has impressed us with their strategic mindset and commitment to creating value for their customers. With no external financing, they have become a technology provider to some of the leading mining companies in the world. We are excited to see what we can achieve togetherâ€.
About GreenSky Capital Inc. GreenSky Capital Inc. is an award-winning Toronto-based firm that makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II and III. Our principals bring a combination of experience in technology, entrepreneurship, law and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greenskycapital.com.