Rimot, a Dartmouth company whose technology monitors remote infrastructure, has closed an equity financing round of $1.2 million, which it will use to help accelerate sales in Canada and the U.S.
The company issued a press release Wednesday saying it has received $700,000 from angel investors (including some it met through the Creative Destruction Lab-Atlantic) and $500,000 from Innovacorp.
“This investment will allow Rimot to accelerate our growth at a much faster pace to meet the needs of our customers in the United States and Canada,” said Rimot CEO Andrew Boswell in the statement.