PingThings Garners New Round

  • Feed Type
  • Date
    4/24/2015
  • Company Name
    PingThings
  • Mailing Address
    31910 Del Obispo San Juan Capistrano, CA 92675 USA
  • Company Description
    PingThings provides PredictiveGrid, a platform that extracts intelligence from volumes of electric utility data to enhance grid stability against a wide array of adverse events, such as a failing transformer or a geomagnetic disruption (GMD) event.
  • Website
    http://www.pingthings.io
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company intends to use the funds to grow initial deployments at major U.S. utilities and to expand its sales team.
  • M&A Terms
  • Venture Investor
  • Venture Investor