Portland-based startup 38 Zeros has raised a $800,000 funding round to help fuel growth of its hardware/software solution that helps energy service companies manage and secure data from “Internet of Things” devices in a given building.
The two-year-old startup sells data-logging hardware that pairs with a cloud-based software platform which helps companies that monitor information from devices inside buildings like utility meters, HVAC systems, rooftop units, temperature sensors, and more.
“Our customers fall into a few categories, but they are all companies that are connected to smart commercial/industrial buildings in some way, whether a building or energy services firm, a manufacturer, or a financing company,” said Zac Wheeler, 38 Zeros CEO and founder. “We provide hardware-enabled software-as-a-service connectivity and cloud services to enable our customers to pursue new business and streamline their operations.”
The company sells a hardware device called the CloudLogger, which crunches cellular data and sends it to a cloud-based dashboard. 38 Zeros differentiates from its competition by offering fast installation and “incredibly affordable” hardware coupled with a secure cloud database.
The $800,000 round came primarily from Oregon-based angel investors. 38 Zeros, which employs 11, was previously in Portland’s Amplify incubator.
