MAVA Member Orix Ventures Invests in Arrayent’s $15 Million Series C
Arrayent, the IoT platform company that helps the world’s most trusted brands develop and deliver connected products, completed its$15m Series C funding round as ORIX Ventures joins previously announced investors, DCM Ventures, Intel Capital, Opus Capital, and Comerica Bank.
“What initially attracted us to Arrayent was their success with prominent consumer brands. Connected consumer products is a very large potential market that has to date been short on results. We believe Arrayent is the most promising IoT platform company to support global brands’ connected products at scale and across multiple geographies. This round of funding will help enable Arrayent to further expand their already impressive customer list and scale their business at an accelerating pace,” said Jeff Bede, Managing Director and Co-Head of ORIX Ventures.