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Gooee Announces $8 million (USD) Funding Deal with Silicon Valley BankST. PETERSBURG, Fla., Sept. 26, 2016 /PRNewswire/ -- Gooee, the enterprise Internet of Things (IoT) platform designed for the LED lighting sector, announced today a $8 million (USD) funding deal with the high-tech focused Silicon Valley Bank (SVB). The financing from SVB's corporate banking division will be used to support the continued development of Gooee, which is estimated to launch at the beginning of 2017. "We are excited to be working with the SVB team," said Simon Coombes, Chief Technology Officer at Gooee. "Not only are they passionate about what we're developing, but they share the vision that bringing LED lighting into the IoT space will open the next wave of opportunities across the value chain. This funding deal with SVB allows us to finalize preparations for Gooee's ecosystem through to its launch." Gooee provides a full suite of hardware and software components that lighting companies can both integrate into their own products and connect them to the Gooee Cloud. Connecting to the Gooee Cloud gives lighting companies the ability to offer their customers competitive, cloud-based services - such as Lighting Control, Energy Management, LED Analytics and Beacon Management - across a multitudeof vertical markets and through a scalable, service-oriented business model. "We are delighted to support Gooee in its exciting expansion story," said Rosh Wijayarathna, Director at SVB's UK Corporate Banking team. "At Silicon Valley Bank, we love businesses that solve real problems. Energy conservation is a very real issue that Gooee is tackling through its smart lighting platform. Gooee connects lighting manufacturers with the Internet of Things and has the potential to disrupt the industry and make smart cities greener and more efficient. We look forward to continuing to partner with Gooee's management and supporting the ongoing growth of the business." The funding deal builds on an exciting year for Gooee, which has now signed up over 30 lighting companies to its partner program, including Feilo Sylvania, Aurora and Gerard Lighting. In addition to the rapid increase in the number of signed partnerships, Gooee recently won an innovation award at Light + Building 2016 and appointed key advisory board member, Shmuel Silverman. For Gooee media inquiries please contact: [email protected]. About Gooee About Silicon Valley Bank Photo - http://photos.prnewswire.com/prnh/20160923/411443
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gooee-announces-8-million-usd-funding-deal-with-silicon-valley-bank-300333761.html SOURCE Gooee |