Praemo Raises $4.5 Million from McRock, Caterpillar Ventures and BDC Capital
McRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital, announced today it has increased its investment in Kitchener-based Praemo Inc., an innovative prescriptive analytics company that provides AI-based solutions for industrial operations. Caterpillar Venture Capital Inc. and BDC Capital Inc.’s Industrial Innovation Venture Fund co-invested in this financing.