Mnubo
AcquiredAI and analytics for connected machines.
Montreal, Canada · Founded 2012 · $22.5M raised
- Total Funding
- $22.5M
- Last Round
- $16.5M Series BJan 2018
- Rounds
- 2
- Acquisition Date
- Jan 2019
About
Mnubo was a Montreal-based IoT analytics company that provided a purpose-built AI and big data platform for manufacturers of connected machines and devices. Founded in 2012 by Frederic Bastien and Jean-Charles Beaudin, Mnubo cloud platform helped industrial companies analyze the data generated by connected devices across five verticals: wearables, industrial equipment, automotive, buildings, and healthcare. Its solutions enabled manufacturers to understand user behavior, discover resource usage patterns, predict unanticipated equipment failures, and build data-rich applications for connected devices at enterprise scale. The company raised $18.4M across three funding rounds backed by White Star Capital, McRock Capital, and Munich Re Ventures before being acquired by Aspen Technology (AspenTech) in July 2019 for approximately CA$102 million, where its AI technology was integrated into AspenTech industrial optimization suite.
Summary
Mnubo is an Analytics company based in Montreal, Canada, founded in 2012. It has raised $22.5M in total across 2 rounds, most recently a $16.5M Series B round in Jan 2018. Investors include White Star Capital, McRock Capital and Aspen Technology.
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Funding History
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Jan 2019
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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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