Industrial Wireless Leader Apprion Continues Momentum With $8M in Series C Funding
PEI Funds joins Motorola Ventures, Chevron Technology Ventures, Allegis Capital, and
Anvil Investment Associates LP in Series C Investment
Mountain View, CA – March 10, 2010 – Apprion, the leading provider of industrial wireless application networks, today announced the successful close of an $8M round of Series C funding. Participating in this round of investment were PEI Funds along with current Apprion investors Allegis Capital, Motorola Ventures, CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures LLC, and Anvil Investment Associates LP.
"Facing the most challenging business environment in years, Apprion has continued to grow and thrive," said Doug Donzelli, CEO of Apprion. "Apprion's industrial wireless applications are delivering what manufacturers value most – cost-effective, reliable, turn-key solutions that address their most pressing compliance and operational challenges. This round of financing will allow us to build on our momentum and accelerate the development of new products that will extend our market, technology, and thought leadership."
Apprion delivers wireless application networks and services for the process manufacturing industry. Apprion's ION System enables industrial facilities to cost-effectively deploy and manage multiple wireless applications as one unified, integrated system. The ION System consists of the Apprion IONosphere and IONizers. Integrated into the ION System are five applications that are core to industrial wireless application networks: Video Monitoring, Communications, Condition Monitoring, Workforce Mobility, and Location.
"We have seen how wireless technologies and applications have transformed how manufacturing facilities operate by providing more secure, safe, efficient and reliable industrial operations," said Lara Druyan, General Partner at Allegis Capital. "As the only company to have thoughtfully integrated industrial wireless infrastructure, applications, and services, it is apparent that the Apprion team is leading this transformation."
About Apprion
Apprion delivers wireless application networks and services for the process manufacturing industry. These wireless
application networks are based on Apprion's ION System – the first and only open, scalable, and extensible foundation
for managing and integrating multi-vendor wireless devices and applications.
Whether it is the need to address safety or security concerns, reduce maintenance or material costs, or improve
productivity or asset utilization, a wireless application network from Apprion will assure that any wireless application
is easier to deploy and manage while delivering value faster, more efficiently. For more information, visit
www.apprion.com.
Apprion and all other Apprion Inc. product or service names are trademarks of Apprion Inc. in the USA and other
countries. Other brand and product names are trademarks of their respective companies. Copyright 2012
Apprion Inc. All rights reserved.
