IoT Monitoring and Analytics platform Therma secured $10.2 Million in funding

Therma, a California-based IoT-powered equipment monitoring and analytics platform has now secured a $10.2 million funding round.

Therma is founded by the Manik Suri. It is building Internet of Things (IoT) powered temperature monitoring and analytics solutions to prevent food, product, and energy waste for the organization. The company works with the food, healthcare, manufacturing, restaurant, and hospitality industries. Therma has already partnered with the national restaurant brands and supply chain leaders in healthcare and food.

Manik Suri, Founder, and CEO of Therma said, "This represents a major step forward in the evolution of the 150-year-old cold-chain. Food and beverage, healthcare, hospitality, and manufacturing are all critically dependent on the refrigeration cold chain. Over the last year, we have seen a significant increase in demand across these industries for real-time equipment monitoring and analytics that not only reduce costs and improve safety, but also positively impacts climate change."

Deciens Capital led the funding round. Other participating investors include the Rite Hite, Active Impact Investments, Govetch Fund, Collaborative Fund, and G-Bar Ventures.

The company as of now has plans to use the new funds to continue to expand operations and its business outreach. Therma will leverage funds to eliminate food waste, energy inefficiency, and refrigerant emissions across the $1 trillion global refrigeration cold-chain, notes the announcement.