PingThings Garners New Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ec737e1-c4d2-4e49-be72-6c289b7e5788 - 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
