- Led by Tenfore Holdings, oversubscribed round brings the company’s total financing to more than $50 Million
- Expands operational capacity to target beachhead markets in manufacturing, warehousing, and commercial ports
- Growth includes opening of state-of-the-art HQ in Waltham, Massachusetts
WALTHAM, MASSACHUSETTS – January 7, 2019 – Humatics Corporation, the pioneer in microlocation products and software, has raised $28 Million in a Series A1 financing. Tenfore Holdings, an investment management firm that provides operational value-added resources to growth-stage companies, led the round. Blackhorn Ventures and JCI Ventures (the corporate venture arm of Johnson Controls) also participated in the round, as did all major investors from the company’s prior Series A financing including Fontinalis Partners, Airbus Ventures, Lockheed Martin Ventures, and Presidio Ventures (the U.S. investment arm of Sumitomo), with Silicon Valley Bank providing a debt facility as part of the Series A1 financing. The Series A1 is the culmination of Humatics’ acquisition of 5D Robotics and Time Domain Corporation in 2018, properly capitalizing the combined company to meet strong industrial demand for its microlocation products and software — a Spatial Intelligence Platform™ that precisely positions machines, people, and things in complex environments.