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Nimble Wireless raises $500,000 from AngelPrime

Chennai-based IoT and machine-to-machine (M2M) technologies firm Nimble Wireless has raised $500,000 in seed funding from the venture capital firm AngelPrime, reports Techcircle. The company will use the funds to expand its research & development and marketing capabilities, to develop new technologies. Nimble Wireless provides M2M and connected wireless products and cloud-based software services for wireless connecting, controlling and managing assets to customers. Solutions offered include cold chain monitoring, asset monitoring solutions and energy monitoring solutions. Cold chain monitoring is aimed at industries like pharmaceutical industry, transportation, livestock, data centers and food processing where temperature monitoring is critical. The monitoring is carried out through Nimble’s temperature monitoring modules Toucan and Sora devices, which can be attached to vehicles and other industrial machinery and monitored using desktop or mobile systems running Nimble’s wireless IRIS application. Similarly asset monitoring solutions offered by the…

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