Tech Deal: IoT Marketplace Provider Scriptr.io Closes $5 million Series A

The platform enables users to access a marketplace of more than a 100 connectors to IoT and enterprise platforms.

Scriptr.io

Scriptr.io, one of the earliest companies to develop a managed service and enterprise IoT application marketplace, revealed March 16 that has closed the second and final round of the $5 million Series A funding led by Middle East Venture Partners (MEVP).

The closing includes the participation of San Francisco-based Endeavor Catalyst and Berytech Fund (BFII).

New York City-based Scriptr.io said it will use the funding to expand business operations in the U.S.

Scriptr.io claims that it enables enterprises to create and deliver IoT applications with reduced time-to-market and increased cost efficiency.

Scriptr.io combines agile application creation and a zero-DevOps managed service environment to power open, scalable, and secure IoT applications.

Scriptr.io said that it solves interoperability issues between enterprise applications and IoT-based service providers by offering a marketplace of pre-built vertical IoT applications and connectors to major IoT and enterprise systems.

As a robust, carrier-grade application engine supporting millions of enterprise users and 100+ applications, scriptr.io can be provided from a cloud-based infrastructure or as a fully-managed service delivered on premise or at the edge.

The platform enables users to access:
-- a marketplace of more than a 100 connectors to IoT and enterprise platforms;
-- more than 60 APIs that dramatically simplify developing applications; and
-- a best-of-breed agile collaborative development and application creation environment

Scriptr.io continues to expand partnerships with leading IoT device management and application enablement companies along with IoT product distribution channels.

For more information, go here.

Chris Preimesberger

Chris Preimesberger

Chris Preimesberger is Editor of Features & Analysis at eWEEK, responsible in part for the publication's coverage areas. In his 10 years and more than 3,500 stories at eWEEK, he has distinguished...