- Emerson Electric's ( NYSE: EMR ) corporate venture capital arm has made a strategic investment in Spearix Technologies
- Terms of the investment were not disclosed.
- Based in Cedar Park, Texas, Spearix offers a multi-core radio processor and associated software that is said to provide a system-level solution for Industrial Internet of Things (IIoT) wireless communication.
- Through the investment, Emerson ( EMR ) will support Spearix's technology and early stage growth while expanding upon its own IIoT capabilities.
- In conjunction with the investment, Emerson ( EMR ) has also entered into an engineering collaboration agreement with Spearix.
For further details see:
Emerson Ventures invests in Spearix