Flutura heads towards $7.5m future

Vertex Ventures has led a $7.5m series A round for industrial internet of things company Flutura.

Flutura Decision Sciences and Analytics, an India-based industrial internet of things (IIoT) technology developer, has raised $7.5m in a series A round led by Vertex Ventures, the VC firm backed by Singapore’s government venturing firm Temasek.

Lumis Partners and Hive also participated in the round, after Hive previously injected an undisclosed amount in seed capital in 2013.

Founed in 2012, Flutura operates an artificial intelligence platform, Cerebra, that mines IIoT sensors, assets and operations data to surface signals that impact industrial outcomes. The technology has applications in areas such as manufacturing processes.

Ben Mathias, managing director and India head at Vertex Ventures, has taken a seat on Flutura’s board of directors, according to LinkedIn.

He said: “We are proud to associate ourselves with this team that is leveraging the tremendous software talent in India, to build highly value driven solutions for global industrial clients and we look forward to this journey with them.”

See more from this Government Report: Singapore


Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. STT reinforces Armor with $89m investment

    April 06, 2017

  2. UK to review tax breaks

    April 03, 2017

  3. BDC helps accelerate Calgary startups

    April 13, 2017

  4. Tianjin City launches $17.4bn fund

    April 13, 2017

  5. Arralis appears on Hong Kong-based consortium’s radar

    April 05, 2017


  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events