Waygum

insurtechiot-preventive insurance/telematics

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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About

Waygum.io is at the intersection of mobile and Industrial IoT.Waygum.io maximizes manufacturing uptime, by using intelligent mobile workflows and mobile remote monitoring, delivered through its ready made industrial mobile apps and cloud backend.

MEDICI Analysis

Waygum is a mobile app platform that delivers the last mile mobile layer for industrial IoT. The platform consists of ‘Visual Mobile App Dev’, ‘Mobile Backend as a Service’ and ‘Machine to Mobile Connectors'.

Focus

PRODUCTS & SERVICES

Mobile apps using Internet of Things technology.

REVENUE MODEL

The company earns revenue by offers its product in a SaaS-based model with a monthly subscription between $5k - $10K.

MAIN CLIENTS

The company has customers in iron & steel

glass

chemicals manufacturing

oil & gas

water treatment

and discrete industries.

Traction

VALUATION / MARKET CAP:

$13.33 M in 2015

People

BOARD MEMBERS AND ADVISORS

Ravi Belani

Alexei Agratchev

Lawrence Chu

Robert Locke

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Alchemist Accelerator

Cisco

Hartford Steam Boiler

Munich Re

Navitas Capital

Right Side Capital Management

Tyco

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$2.17 M

DATE OF LAST FUNDING

Mar 2015

SEED & PRIOR FUNDING

$172.05 K

SEED CLOSED ON

Oct 2014

FUNDING SERIES

SERIES A  · $2 M  · Mar 2015

LISTED

NO

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