Thursday, March 8, 2018

The Fabric Raises $15M For Cloud, IoT Acceleration

Mountain View-based cloud and IoT accelerator The Fabric says it has raised $15M in a funding round, to help it incubate more companies. The Fabric--which so far, has incubated eight companies--said the $15M came from Verizon Ventures and March Capital Partners. The company says it is still raising money in that funding round, hoping to bring its new funding to a total of $20M. The Fabric's co-founders include Sumant Mandal, Rajan Raghavan and Prabakar Sundarrajan; the company has offices in Mountain View and in Chennai, India. More information »