Manchester-based technology start-up, SamsonVT, has secured USD5.1 million in a seed funding round led by Par Equity, with participation from US-based Blumberg Capital.
SamsonVT has developed Industry 4.0 solutions that are transforming product maintenance and after sales, a USD400 billion market.
The funding will be used to support SamsonVT’s aggressive global growth strategy, which includes plans to develop new and existing products, enhance customer service and scale production as the company expands into new territories.
Advisors at Sand Hill East are supporting SamsonVT through its next phase of growth in sales, marketing and business development, as well as strategically preparing for entry into the US.
