InfiSense, a SaaS data company launched in 2019, announced that it graduated from the 2020/2021 Creative Destruction Lab (CDL-Montreal) supply chain stream program and successfully raised a round of capital to accelerate growth.
InfiSense currently powers leading businesses that use data to address building decarbonization and to optimize indoor agriculture production, two endeavors that help offset the effects of climate change.
"We translated the input and feedback from our CDL mentors into actions that honed our value proposition and product offering," said Tim Guiterman, InfiSense's CEO and Co-Founder. "We immediately translated this into increased sales, dramatically increasing our footprint to thousands of data feeds at over 550 sites throughout North America."
In addition to their graduation from the CDL program, InfiSense secured a lead investment from FreshTracks Capital, an early-stage venture capital firm focused on financing businesses in Vermont and surrounding regions. "Tim and Co-Founder Martin Bures have done a great job building a compelling platform that delivers significant value to customers, generating impressive traction and revenue; all while launching and scaling during a pandemic," said Lee Bouyea, Managing Director at FreshTracks.
This round of funding will fuel InfiSense's next stage of revenue and team growth, including the hiring of additional software development and customer success team members. "FreshTracks understands the importance of data in tackling the burning issues of our time, so we're thrilled to have them as an early partner," said Guiterman. "Our goal is to let customers transform real-world data from anywhere on the planet into actionable intelligence, and now we can put this capital to work to make that happen."
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