US-based internet of things company Evrythng has secured $7.5m for a series B round featuring networking equipment maker Cisco and Samsung Ventures, the corporate venturing arm of consumer electronics maker Samsung.
The round was led by BHLP and Atomico, while Dawn Capital and a range of unnamed investors also participating in the round.
Evrythng has developed a platform that reads QR codes or RFID chips, enabling product manufacturers to connect their items to the internet. Evrything acts as a software layer rather than producing hardware devices.
In April 2014, the company closed a $7m series A round backed Atomico, BHLP, Dawn Capital and Cisco. In 2011, Atomico provided an undisclosed amount of seed funding.
However, Evrythng has now revealed it has secured funding of $17.5m to date, revealing the seed round to have been $3m.