mPrest Raises $20M to Expand Industrial and Commercial IoT Solutions

mPrest, a global provider of mission-critical monitoring and control software for the Internet of Things (IoT), announced today that it has raised a $20 million Series A round of funding. The round was led by GE Ventures, the venture arm of GE, and OurCrowd, one of the world's leading equity crowdfunding platforms. mPrest will use the investment to expand its international presence in the industrial and commercial markets and rapidly scale to meet the soaring needs of the IoT world.
mPrest delivers leading-edge software for “connecting the dots” across multiple complex systems of any scale, from a single facility to a multinational corporation. mPrest’s groundbreaking, generic software platform enables organizations to connect any sensor at any time with unparalleled flexibility. Organizations receive real-time situational awareness and can optimize operations automatically.