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.

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