True Ventures invests $3 Million in data startup MODE

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.