TMCnet News
scriptr.io announces $4 million in Series ANEW YORK, Feb. 10, 2016 /PRNewswire/ -- scriptr.io, the cloud platform for IoT solutions, has raised $4 million in Series A funding led by Middle East Venture Partners (MEVP), Berytech Fund, and Insure & Match Capital (IM). Headquartered in New York City, scriptr.io will use the funding to expand business operations in the U.S. which includes opening a new office in San Francisco. The company currently has development teams in Beirut, Lebanon and Hyderabad, India. The Series A round will also drive continued research and development. scriptr.io is a powerful, cloud-based platform that dramatically reduces the time and resources required to develop, deploy and support IoT solutions. scriptr.io has built the first-of-its-kind cloud platform driven by a browser-based integrated development environment that enables developers to rapidly create and run custom web services. It removes the burden of hosting infrastructure, database & application servers, libraries that integrate with third party APIs and other infrastructure deployment and management operations. scriptr.io allows for easy migration from prototyping to production at scale without having to re-design or re-write the solution. The platform allows users to access:
scriptr.io has already partnered with companies such as wot.io, the data service exchange for connected devices; Marvell Kinoma, the JavaScript-powered IoT construction kit; Parrot, which creates, develops, and markets advanced consumer technology products; and Withings, which invents smart products and apps to fit into any lifestyle. "scriptr.io is ripe to become one of the leading cloud and fog computing software platforms in the IoT ecosystem, providing powerful micro-service capabilities, APIs and tools to build great IoT applications, compress the time to market and reduce the total cost to build and operate solutions," said Walid Mansour, Managing Partner at MEVP. "We feel strongly about the prospects of this company and the solid team behind it. We are bullish about the prospect of the IoT transformation that will shape up our economies." About scriptr.io: For more information, please visit scriptr.io's website, where you can test drive the product and create your own workspace. Catch up with scriptr.io via their blog,Facebook, and Twitter. 1. Research firm IDC, June 2015
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/scriptrio-announces-4-million-in-series-a-300217880.html SOURCE scriptr.io |