The investment will enable Convesio to accelerate development of its unique container-based solution and continue to disrupt a market that is slow to innovate.
The investment was secured from a selected group of the private investors, some of whom originally contributed to Convesio’s crowdfunding round in 2019, which raised more than $1M from over 800 individual investors.
The decision to fund further builds on the achievements of Convesio in the last two years, which have validated capabilities of the platform, and the opportunity demonstrated by a growing market. Here, most of the competition still provides costly and complex solutions, based on legacy technology.
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