/ Analysis / TempoDB Raises $3.2 M to Pursue Internet of Things

TempoDB Raises $3.2 M to Pursue Internet of Things

Matt Ball on October 11, 2013 - in Analysis

 

Chicago-based TempoDB, a technology company that stores and analyzes large amounts of time-specific data captured by Internet-connected sensors, has raised $3.2 million in funding from a group of mostly local investors.

The fresh capital brings TempoDB’s total funding to $4.2 million and will allow it to hire more software engineers and sales staff. In August, when TempoDB outgrew its office at Catapult, a shared space in River North for startups, it had six full-time employees. It plans to add four employees this year and another eight in 2014. The company was founded in December 2011 and makes technology that stores billions of time-related data points from sensors such as thermostats. Its customers represent sectors such as energy, infrastructure and health care.

Read more in the Chicago Tribune

Matt Ball

About Matt Ball

Matt Ball is founder and editorial director of V1 Media, publisher of Informed Infrastructure, Earth Imaging Journal, Sensors & Systems, Asian Surveying & Mapping and the video news site GeoSpatial Stream.

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