Remember a few years ago when wireless networks in process plants was such a controversial and much debated topic? What followed was some significant consolidation among smaller wireless network product suppliers. Apprion found a niche by supplying more than wireless sensors and gateways. It can work on system applications in addition to supplying parts. It has some significant investors, and today announced closing an $8 million round of Series C funding. Participating in this round of investment were PEI Funds along with current Apprion investors Allegis Capital, Motorola Ventures, CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures LLC, and Anvil Investment Associates LP.
“Facing the most challenging business environment in years, Apprion has continued to grow and thrive,” said Doug Donzelli, CEO of Apprion. “Apprion’s industrial wireless applications are delivering what manufacturers value most – cost-effective, reliable, turn-key solutions that address their most pressing compliance and operational challenges. This round of financing will allow us to build on our momentum and accelerate the development of new products that will extend our market, technology, and thought leadership.”
Apprion delivers wireless application networks and services for the process manufacturing industry. Apprion’s ION System enables industrial facilities to cost-effectively deploy and manage multiple wireless applications as one unified, integrated system. The ION System consists of the Apprion IONosphere and IONizers. Integrated into the ION System are five applications that are core to industrial wireless application networks: Video Monitoring, Communications, Condition Monitoring, Workforce Mobility, and Location.
“We have seen how wireless technologies and applications have transformed how manufacturing facilities operate by providing more secure, safe, efficient and reliable industrial operations,” said Lara Druyan, General Partner at Allegis Capital. “As the only company to have thoughtfully integrated industrial wireless infrastructure, applications, and services, it is apparent that the Apprion team is leading this transformation.”