Over $4.5 billion in funding awarded to date; leading tech investment conference expands national footprint with virtual format for its 14th annual event
ATLANTA – September 25, 2020 – Machfu, a leader in industrial IoT solutions, announced today that it has been chosen out of a record-breaking 400 applicants as one of the top technology companies in the Southeast to present at Venture Atlanta 2020. Now in its 14th year, the annual conference to be held October 21-22, pivoted to a fully virtual format, Venture Atlanta Live Online. One of the nation’s best venture capital conferences continues to showcase innovators from the US’ hottest tech markets and boosts its largest number of selected companies and represented investor funds to date. Even in light of COVID-19, Venture Atlanta continues to fuel capital and growth, serving the needs of the region’s vibrant tech community.
“Machfu is demonstrating daily that any industrial environment, from a remote low production gas well to a complex utility grid, can be securely connected to backend systems and the cloud and enjoy all of the benefits of our proven technology that collects, processes, and delivers timely and accurate data,” said Prakash Chakravarthi, CEO of Machfu. “We are excited to share our innovations with the audience at Venture Atlanta, where we hope to identify new opportunities to leverage our IIoT solutions.”
Machfu’s solutions are designed to address edge computing needs for critical infrastructure and industrial applications by providing secure edge to cloud connectivity for industrial controllers, SCADA systems, and sensors in the field. The company offers a comprehensive product portfolio of industrial IoT solutions including the Machfu Industrial IoT Service that delivers edge to cloud automation, a unique low power IIoT Gateway, MachIO module to interface with sensors, and its Software Development Kit to simplify development of custom apps.
“Venture Atlanta has become the authority for recognizing technology innovation across the Southeast and beyond, connecting the best and brightest innovators with top-tier, national investors and other leaders in our technology ecosystem that helps drive success and results with over $4.5 billion in funding awarded to date,” said Venture Atlanta CEO Allyson Eman. “This year, we’ve pivoted to a digital format to best serve the needs of our vibrant tech community and are thrilled to be showcasing our largest line up of companies ever. These companies reflect our incredible pool of talented people, inspiring innovation, and continued opportunities for growth within the technology community.”
Venture Atlanta Live Online will offer an unparalleled experience that streams two days of immersive events and interactive networking opportunities. Attendees will be able to connect with others at the conference, set up one-on-one meetings, stroll the virtual show floor, watch pitches in real-time, and use features like live chat, and audience polling. Atlanta-based independent investment management firm, Invesco, is this year’s premier sponsor, with Cherry Bekaert, Nelson Mullins and Truist as additional headline sponsors. Venture Atlanta Live Online will conclude with TechSquare Labs’ Atlanta Startup Battle, in which top five companies will pitch on stage against one another to win a $100,000 investment.
About Venture Atlanta
Venture Atlanta, the Southeast’s technology innovation event, is where the region’s most promising tech companies meet the country’s top-tier investors. This year’s event is going all digital through Venture Atlanta Live Online.
As the Southeast’s largest investor showcase helping launch more than 400 companies and raise over $4.5 billion in funding to date, the event connects the region’s top entrepreneurs with local and national investors and others in the technology ecosystem who can help them raise the capital they need to grow their businesses. The annual non profit event is a collaboration of the Atlanta CEO Council, Metro Atlanta Chamber and the Technology Association of Georgia (TAG).
Machfu’s solutions are designed to address edge computing needs for critical infrastructure and industrial applications. Machfu provides secure edge to cloud connectivity for industrial controllers, SCADA systems, and other sensors in the field. Its unique low power edge intelligence capabilities, powered by a sandboxed, customizable application framework, greatly simplifies configuring, connecting, managing and processing data from sensors and controllers speaking legacy or modern protocols. Machfu increases visibility of critical infrastructure and reduces operational downtime and maintenance costs.
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