true venture

SAN MATEO, Calif: True Ventures that primarily invests in early stage companies have invested $ 3 million in Silicon Valley startup MODE.

The AI based startup MODE today announced it has raised $3 million in Series A Funding. The which help businesses understand, automate and make smarter decisions by collecting data from the physical world, had received a Total of $5 Million including its Series A.

“Sensors are and will increasingly become a source of data and data-derived intelligence that will help improve and automate many industrial processes,” said Om Malik, partner at True Ventures. “Mode has developed software technologies to harness this power and transform the industrial world.”

 Earlier in August, True Ventures had earlier invested in Bear Flag Robotics, a Sunnyvale, Calif.- based agtech company, and helped it raise $3.5m in seed funding. In conjunction with the funding, Rohit Sharma, venture partner at True Ventures, joined Bear’s board.

 

 

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Andrew has been in the online publishing industry since 2015. After receiving his degree in professional journalism from the Indian Institute of Journalism and New Media, he contributed to multiple websites as a freelance writer and feature editor. Mostly, Andrew tackles controversies and theories that lead to a specific conclusion that either debunk or justify a particular claim. Further, Andrew participates in social developments that aim to simplify every individual’s way of life and fight for peace. He is the new Editor-in-Chief of Pressroom Today.

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