Crosser Technologies, based in Stockholm, has built a real-time analytics platform for enterprise IoT that tracks industrial machine performance and enables integration of third-party AI solutions. The platform focuses on real-time monitoring and allows customers to plug in external AI tools. The company raised €3 million in a funding round to support growth. Investors in the round include Germany's 42CAP and Sweden's Industrifonden, with participation from existing backers Spintop Ventures, Almi Invest, and Norrlandsfonden. Crosser plans to use the funds to expand internationally, build out its partner ecosystem, and invest further in platform development, with Germany cited as the first expansion target. Founders mentioned in the article include CEO and co-founder Martin Thunman, CMO Johan Jonzon, and Head of R&D Ulf Björklund. Crosser Technologies provides Intelligent Edge Computing software that sits on-site between sensors and cloud services, collecting and analyzing streaming operational data in milliseconds to enable real-time local actions and cost savings for time-sensitive applications. Its solution includes a cloud-based management platform with a drag-and-drop Flow Studio for easy set-up, over-the-air configuration and software updates, and a library of pre-built adapters and connectors for sensor data, industrial protocols, enterprise data sources and cloud services. The software is typically installed on factory-floor servers or IoT gateways and can also be embedded in equipment, machines or vehicles. The product targets enterprise customers across Industrial IoT, supply chain, healthcare, smart buildings and smart cities. Led by CEO Martin Thunman, the company raised €1.4M in seed funding. The funding will allow the company to expand the team and to invest in sales and marketing.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2019