Proving the Business Case for the Internet of Things

Finland's CyberLightning raises $4.2 million in funding

Iain Morris
August 14, 2014
 
Finnish M2M software player CyberLightning says it has raised $4.2 million in a round of funding it will use to accelerate growth and drive its international expansion.

The company has developed a software platform called CyberVille that allows corporate customers to capture and analyze data from sensors and present findings in business intelligence dashboards.

Cyberville was launched as recently as May, but is intended to give organizations a “strategic tool” for controlling machine networks using a simple interface on mobile devices.

The funding came from a range of sources, including venture capital firm Inventure, the Finnish Funding Agency for Innovation (or TEKES) and the European Union.

CyberLightning (Oulu, Finland) has also announced that Sami Lampinen, the managing director of Inventure, will join its board.

“Industries are exploding with data; there is huge and growing demand for versatile, global data capture and data mining to produce mission critical business info,” said Lampinen. “We believe that CyberLightning can become the leading software vendor in the Internet of Things domain, simplifying complex data and providing organizations with valuable real-time insights.”

CyberLightning says it has been able to accommodate a wide range of data sets and integrate its technology with existing platforms by sticking to an open-source and standards-based approach.

“This is giving us terrific traction, both with initial customers and in discussions with potential partners in the global IoT ecosystem,” said Ville Mickelsson, CyberLightning’s chief executive.
 
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