# FogHorn Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foghorn-systems

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.foghorn.io
- Total disclosed funding: $73M
- Latest round: Series C (Feb 25, 2020)
- Investors on record: 12

## About

FogHorn Systems Inc. specializes in edge intelligence and analytics for industrial IoT applications, providing solutions that enable real-time insights and operational efficiency across various sectors.Founded in 2014 in Sunnyvale, US, FogHorn Systems Inc. focuses on delivering edge computing solutions for industrial environments. The company was acquired by Johnson Controls, Inc. in January 2022, with financial terms undisclosed. The founding team includes Mohan Reddy and Sastry Malladi, while Apurva Vora serves as the current CEO. FogHorn has raised a total of USD 25.00 mn during its most recent funding round, the Series C, led by LS Group, with participation from multiple investors such as Aramco Ventures and Intel Capital. The company’s valuation currently stands at USD 165.93 mn.FogHorn Systems provides advanced edge intelligence software designed to optimize real-time data processing for IoT applications. Their offerings include analytics solutions that enhance operational efficiency, enabling businesses to make informed decisions based on real-time data. The company serves various sectors, including manufacturing, energy, and transportation, focusing on improving operational performance and reducing downtime through its innovative technology.FogHorn Systems generates revenue through direct software sales and partnerships with clients in the industrial sector. Their business model emphasizes long-term contracts for software usage and support, ensuring sustained revenue through continuous service agreements. The company’s solutions contribute to operational savings and enhance customer satisfaction, which are integral to their revenue strategy.Following the acquisition by Johnson Controls, Inc., FogHorn Systems is poised for growth through the integration of its technologies into Johnson Controls' product offerings. The company plans to expand its edge computing solutions into new markets, particularly targeting regions in North America and Europe by the end of 2023. The recent Series C funding round will be utilized to enhance product development and support these expansion initiatives, aimed at fostering broader adoption of its edge intelligence solutions.

## Funding rounds

- Series C, Feb 25, 2020, $25M — Intel Capital, Robert Bosch Venture Capital, Forte Ventures, Aramco Ventures, March Capital, Darling Ventures, GE Ventures, Dell Technologies Capital, Honeywell Ventures, LS Group
- Series B, Oct 2, 2017, $30M — Intel Capital, Robert Bosch Venture Capital, Aramco Ventures, The Hive, March Capital, Darling Ventures, GE Ventures, Yokogawa Electric Corporation, Dell Technologies Capital, Honeywell Ventures
- Series A, May 15, 2017, $3M — Aramco Ventures, Dell Technologies Capital
- Series A, Apr 4, 2016, $12M — Robert Bosch Venture Capital, March Capital, Darling Ventures, GE Ventures, Yokogawa Electric Corporation, Dell Technologies Capital
- Seed, Sep 23, 2015, $2.5M — The Hive, March Capital

## Investors

- The Hive (https://capitalatlas.ai/funds/the-hive) — Seed, Series B
- March Capital (https://capitalatlas.ai/funds/march-capital) — Seed, Series A, Series B, Series C
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series A, Series B, Series C
- Darling Ventures (https://capitalatlas.ai/funds/darling-ventures) — Series A, Series B, Series C
- GE Ventures — Series A, Series B, Series C
- Yokogawa Electric Corporation — Series A, Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A, Series B, Series C
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A, Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Honeywell Ventures (https://capitalatlas.ai/funds/honeywell-ventures) — Series B, Series C
- Forte Ventures (https://capitalatlas.ai/funds/forte-ventures) — Series C
- LS Group — Series C