# Proximetry

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/proximetry

- Industry: Software
- Headquarters: San Diego, US
- Website: www.proximetry.com
- Total disclosed funding: $5.8M
- Latest round: Series D (Jun 24, 2010)
- Investors on record: 7

## About

Proximetry, Inc. provides innovative IoT device management solutions, enabling businesses to efficiently oversee millions of connected devices across various sectors such as Transportation, Manufacturing, and Smart Cities.Founded in 2005 and headquartered in San Diego, US, Proximetry, Inc. specializes in IoT device management solutions. The company has undergone strategic pivots, most notably its acquisition by relayr, Inc. in December 2016, which enhanced its capabilities in industrial IoT. The firm has completed eight deals to date, with its latest funding round being a Venture Debt of USD 1.00 mn, contributing to a total amount raised of USD 1.81 mn.Proximetry specializes in IoT device management solutions designed to oversee millions of connected devices across various sectors, including Transportation, Manufacturing, Energy, Smart Cities, and Utilities. The company’s flagship product, the Proximetry Portal, functions as a centralized resource for IoT solution vendors, facilitating initial deployment, testing, and ongoing management of IoT applications and devices. Proximetry's software automates key aspects of device management, such as self-provisioning, firmware checks, performance monitoring, and statistical analysis, enabling clients to effectively manage devices located in diverse environments—ranging from urban centers to remote areas of the Internet fog. The company serves a broad client base, including technology vendors and industrial operators, particularly in North America, Europe, and Latin America, with solutions tailored to meet the complexities of large-scale IoT implementations.Proximetry generates revenue primarily through partnerships and subscriptions associated with its IoT device management solutions. Enterprises subscribe to the Proximetry Portal for ongoing access to its device management capabilities, with additional fees potentially associated with tailored private cloud installations or data center services. Transactions are structured as B2B engagements, wherein clients, including manufacturers and utility companies, engage in contracts for customized software solutions that streamline their operational efficiencies.Following its acquisition by relayr, Inc., Proximetry aims to capitalize on its enhanced position in the industrial IoT space to develop new solutions beyond its current manufacturing focus. Although specific new product releases are not detailed, the acquisition is expected to bolster Proximetry's capabilities and market reach in the IoT sector. The recent funding will support these initiatives, allowing Proximetry to expand into new geographic markets and enhance its technology stack, ultimately strengthening its service offerings.

## Funding rounds

- Series D, Jun 24, 2010, $0.8M — Quintana Capital Group, Qualcomm Ventures, Viola Group
- Series A, Apr 4, 2007, $1.6M — Investec, Rembrandt Venture Partners, Munich Venture Partners, Windward Ventures
- Series A, Feb 7, 2007, $3.4M — Rembrandt Venture Partners, Munich Venture Partners

## Investors

- Rembrandt Venture Partners (https://capitalatlas.ai/funds/rembrandt-venture-partners) — Series A
- Munich Venture Partners (https://capitalatlas.ai/funds/munich-venture-partners) — Series A
- Investec (https://capitalatlas.ai/funds/investec) — Series A
- Windward Ventures (https://capitalatlas.ai/funds/windward-ventures) — Series A
- Quintana Capital Group (https://capitalatlas.ai/funds/quintana-capital-group) — Series D
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series D
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series D