Crosser announced €3 million in a new capital round led by NTT DOCOMO Ventures and Montan-Ventures-Saar.

Crosser, a Sundsvall and Stockholm, Sweden-based SAAS developer of a low-code platform, announced closing a €3 million ($3.6M) capital funding round.

The money was raised from investors led by NTT DOCOMO Ventures and Montan-Ventures-Saar, with existing investors Industrifonden, Spintop Ventures, 42 Cap, Almi Invest and Norrlandsfonden also participating.

Crosser, founded in 2016 by CEO Martin Thunman, developed a hybrid architecture for streaming Analytics, automation and integration for any edge, on-premise or Cloud that allows companies to innovate centrally with a low-code approach and at the same time enables them to easily deploy the software anywhere. The hybrid architecture combines the best of two worlds; the simplicity of modern cloud technologies and the secure and low cost processing of data close to the data source, on premise or on an edge device.

The software is ideally suited for Enterprise customers of various Industrial verticals such as Process Industry, Manufacturing, Utilities and other asset rich verticals. The modular and flexible solutions enable many different applications, including Industry 4.0, Industrial IoT and next generation Hybrid Integration, also called Hyper Automation by Gartner.

Industrial customers include, SCA AB, Valmet Corporation, Novo Nordisk, Gebhardt, Clarebout Potatoes and RubbleMaster.

Crosser previously raised about $5 million in outside funding.