Wide area sensor networks provider, Mojix, Monday announced the completion of its $14 million Series D financing round that was led by OMERS Ventures and Mercury Ventures, as well as all previous investors. The investment will be used to introduce game-changing software solutions for IoT applications that unleash the business value of wireless sensor networks.
Los Angeles-based, Mojix couples heterogeneous data sources with cloud based analytics and reporting to deliver high value applications to customers around the world. Mojix works with leading retailers to enable real time hands free inventory, with large scale data centers to locate and track servers, with hospitals to track records, equipment, and patients, with oil and gas companies to locate and track people and equipment, and with manufacturing companies to track and manage work flow and floor inventory.
Dr. Ramin Sadr, founder and CEO of Mojix
Moijx's STAR (Space Time Array Receiver), first introduced in 2008, ignited a paradigm change for the RFID industry, enabling detection and location tracking of extremely weak signals for passive sensor networks. Key signal processing breakthroughs, now patented, enable the STAR's performance to reach the theoretical limits set by the laws of physics, yielding almost a million-fold improvement over legacy receiver technology.
