ClearBlade Receives Investment from Sumitomo Corp. of Americas

ClearBlade, an Austin, TX-based Internet of Things (IoT) company, received an investment from Sumitomo Corporation of Americas.

The amount of the deal was not disclosed.

The investment will help the company expand its operations internationally and provide SCOA and affiliated companies’ access to ClearBlade’s software.

Led by Eric Simone, Founder, and CEO, ClearBlade provides IoT, Edge, and AI software which has been in use at some of the largest companies in North America, spanning several industries including transportation, energy, industrial products, and manufacturing.