US-based Andium, working in the field of industrial Internet of Things for monitoring and remote communications technologies, announced the closing of a $21.7 million Series B funding round, led by Aramco Ventures.

More to Know:

• The company was founded in 2027 by Jory Schwach.
• Climate Investment, Intrepid Financial Partners, and former Citadel CIO Tom Miglis joined the funding round.
• This round brings the company’s total funding to more than $40 million.
• The new funding will help the company expand its remote field monitoring solutions, especially across key oil and gas regions in the United States and the Middle East.