A company that has introduced the first commercial user operating system for the “internet of things” and a company that provides a data analytics platform for businesses received good year-end news from a new Kansas City-oriented investment group.
PEQ, the “internet of things” enabler, and Dunami, creator of the big-data analysis technology, were announced Thursday as recipients of the second round of venture capital investments made by the KCRise Fund.
The KCRise Fund, a “sidecar fund” that co-invests with institutional venture capital investors in young Kansas City-area companies, began earlier this year with investments in SpiderOak and Innara Health.
The fund was designed to encourage growth in high-potential companies. To qualify for consideration, early-stage companies must have operations between Manhattan, Kan., and Columbia, Mo.; seek at least $1 million in a funding round; and have an approved venture capital firm investor committed to the round.
Darcy Howe, KCRise Fund manager, said 2016 commitments total more than $2 million, and a third funding round is expected to be announced soon.