TORONTO, CANADA — August 23,2021
GreenSky Capital Inc. (“GreenSky”) is very pleased to announce that the GreenSky Accelerator Fund IV, LP (“the Fund”) 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 President’s Club.
Symboticware is a provider of Industrial IoT hardware, AI and data management solutions to the resource industry. Symboticware’s solutions have been adopted by the mining industry leaders and have been implemented across 30 mine sites globally. Symboticware’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 Symboticware’s 4-Sight.ai Cloud solution for real-time monitoring, operation optimization, safety, and GHG reduction.
Kirk Petroski, Founder and Executive Chairman, “For 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.”
GreenSky Managing Partner Greg Stewart added, “Symboticware 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 together”.
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.