Founder Story: Losant

Just as a lamp or a refrigerator can be connected and controlled through your phone, Losant in Cincinnati is working to increase device productivity for businesses through their internet of things (IoT) platform. Their custom software solutions allow manufacturers to track and measure the performance of their machinery. With a mission of increasing industrial efficiency, Losant provides real-time results, so companies don’t have to send personnel to troubleshoot problems. Losant has raised $11 million to date and is one of AOL co-founder Steve Cases’ Rise of the Rest Seed Fund’s first investments. They have received additional support from Cintrifuse and CincyTech, both partners of Ohio Third Frontier in Cincinnati.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: