Fuze Technology, an IoT company from Los Angeles, CA, has recently secured $11.5M in Series A funding. The round was led by Beverly Pacific, with participation from Palm Tree Crew, Bain Capital Ventures Scout Fund, and Dream Ventures. Other investors included Live Nation Entertainment, ASM Global, SCIENCE Ventures and more.
The company plans to use the funds to drive demand and expand internationally, focusing on new product innovations. Fuze Technology is led by CEO Brandon Afari and offers IoT utilities supported by data-driven advertising. Their main product, chargeFUZE, provides a pay-per-use mobile charging solution. Their latest product, adFUZE, combines hardware and software to deliver contextual content to targeted audiences.
With a strong investor lineup and a focus on innovation, Fuze Technology is well-positioned for success in the IoT industry. This funding will enable the company to grow their operations and introduce new products to the market.