Crosser Technologies closed a $3.4M A-round financing led by German VC 42CAP and Swedish VC firm Industrifonden

Sweden Investments 30 April 2019
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Crosser Technologies, a Stockholm, Sweden-based company developing streaming analytics and integration software for any edge, on-premise or cloud, announced that it completed a EUR 3M ($3.4M) capital investment round.

The round was led by German VC 42CAP and Swedish VC firm Industrifonden and included existing investors Spintop Ventures, Almi Invest and Norrlandsfonden. The money will be used to to support the company's efforts for international expansion.

Crosser Technologies, founded in 2016 by CEO Martin Thunman, built a real-time analytics platform which helps enterprises to integrate the machine world with the rest of their business.

The company designs and develops intelligent edge computing software for industrial and enterprise IoT applications, ideally suited for enterprise customers of various industries and applications, including Industry 4.0, Condition Monitoring, Predictive Maintenance, and next generation Hybrid Integration. Industrial customers includes SCA AB and Valmet Corporation.

Crosser has its R&D office based in Sundsvall, Sweden. Prior to this deal, the company raised $1.7M in seed capital in 2017.