Triax Technologies’ $12.5 Million Series A Fundraising

Wiggin and Dana represented Triax Technologies, a Connecticut-based technology company that develops and delivers IoT technology for the construction industry, in raising $12.5 million in its Series A Fundraising.

The financing was led by McRock Capital and Connecticut Innovations and will be supported by existing shareholders to grow the Triax team and its solutions.

Triax Technologies, Inc. develops and delivers a fully connected loT worksite platform through a proprietary communication hub designed for industries such as construction, energy, oil & gas, manufacturing, mining, heavy industrial and other challenging IT environments.

McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital fund manager focused on the intersection of sensors and software in large industrial markets and smart cities.

The Wiggin and Dana team consisted of Partner Heather Rahilly (Picture), Counsel Adam Silverman, and Associate Daniel Nambiar. 

Involved fees earner: Daniel Nambiar – Wiggin & Dana-Nh ; Heather Rahilly – Wiggin & Dana-Nh ; Adam Silverman – Wiggin & Dana-Nh ;

Law Firms: Wiggin & Dana-Nh ;

Clients: Triax Technologies;

Author: Martina Bellini