IIOX - Industrial Internet of X AB raises SEK 7.2M

IIOX - Industrial Internet of X AB, a Malmo, Sweden-based company providion an SAAS IoT (internet of things) platform announced raising SEK 7.2M ($820k) from Verdane Capital. The money will be used for further growing the company.

IIOX, led by CEO Patrik Björkman, was divested from the company Wireless Maingate AB by the current owner, Verdane, in January 2015. The company provides a cloud-based platform that collects, harmonizes, aggregates and distributes machine data in real-time, turning data into useful information and knowledge.