Cartasite, a remote monitoring solutions provider, has announced completing a multi-million dollar funding round.
Top contributors to the venture funding include Acadia Partners V, LLC and Canterbury Partners, LP. The company’s new product will be publicly introduced in the next few weeks.
“This financing enables us to properly launch what we consider to be a very advanced and forward-thinking product for remote asset management,” said Cartasite CEO David Armitage. “We have spent the past year developing this next-generation product and putting the proper infrastructure in place.”
The company said the greatest advantage of its Realtime Operational Intelligence technology is that it has the ability to integrate with existing IT infrastructures while also providing the flexibility to be configured precisely to the users’ specifications.
The company explained that this allows customers to determine exactly who should get what information, when it should be delivered and how it should be formatted, ultimately giving each individual user the information need to perform his/her job function, while filtering out information that is not needed.