CRON Systems, founded by Tommy Katzenellenbogen, has raised pre-series A funding from early stage investor, YourNest. (SLP Silicon Valley, 2016)July 10, 2017, 4:37 a.m.
CRON Systems provides border security using latest IoT technologies and detection systems at extremely competitive prices.
With the funds raised through this round, the founders plan to strengthen CRON Systems' research and development, hire personnel and carry out market research for expansion plans in international markets like Middle East, Africa and Europe.
“Finally, we have an Indian startup indigenously developing defence IoT systems and products. The team-- Tushar, Saurav and Tommy--brings exceptional skillsets to the table. In a short span of 6 months, they have already developed and deployed cutting edge products for both domestic and international markets,” Girish Shivani, co-founder, executive director and Fund Manager, YourNest India VC Fund tells Forbes India.
This is the first investment made by YourNest, from the newly created fund of INR 300 crore, called ‘YourNest India VC Fund II’, which was announced in October 2016.
Covered by Forbes India: http://bit.ly/2jSTFcv
Website Link: http://cronsystems.com/
Image Credite : CRON Systems