Momenta Partners completes investment in Litmus Automation
Litmus Automation is pleased to announce the closing of their seed investment from Momenta Partners.
A leader in the connected car industry, Litmus has grown rapidly since releasing its flagship Loop Industrial IoT platform in 2014, establishing relationships with Nissan and Renault.
Litmus’ Loop end-to-end IoT platform addresses the critical and difficult issues that often hinder industrial manufacturing and connected car deployments as they scale up. Its LoopEdge gateway software manages everything at the edge extremely efficiently – from secure connectivity and communications to device onboarding and management.
A proven technology, Loop is already deployed with multiple manufacturers both in the Cloud and On-Premise. In addition, it earned Litmus the 2016 IoT Evolution Connected Transportation Award from IoT Evolution.
“In a sea of Industrial IoT middleware platforms, Momenta Partners has identified Litmus’ strong security and edge capabilities in small footprints as unique differentiators,” said Ken Forster, Managing Director at Momenta Partners. “We are proud to be investing in such a remarkable Connected Industry company at this exciting time.”
The funds will help Litmus grow its business development team, increase its development resources, and build out its support infrastructure to sustain its current and future customer base.
About Litmus Automation
Litmus Automation provides an extensive PaaS for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus simplifies the complexity of developing IoT systems and solutions with a secure and scalable middleware cloud platform called Loop. With Loop, companies can securely connect any type of hardware, device, sensor or machine to the Internet and integrate the data being collected to any 3rd party software application or enterprise system (ERP, CRM, Big Data Analytics, Dashboards, etc.) in real-time. Loop also contains an extensive device management suite for deploying and monitoring IoT systems. Litmus Automation focuses on the Automotive and Industrial industries and counts some large Fortune 500 companies as clients. For more information, please visit www.litmusautomation.com.
Momenta Partners encompasses leading Strategic Advisory, Talent, and Investment practices. We’re the guiding hand behind leading industrials’ IoT strategies with over 100 IoT leadership placements and 17+ young IoT disruptors. Momenta Ventures doesn’t just finance companies; we help founders achieve lean, smart and sustained growth driving to an orchestrated and valuable exit.
Schedule a call to learn more about our Digital Industry Venture practice.