E2IP Raised $120M Series

Quebec-based, e2ip, an embedded and printed technology, the innovative leader of IIot (Industrial Internet of Things)and HMI (Human Machine Interface) raised $120 million led by McRock Capital and EDC.

After this round Export Development Canada and McRock join the board. The round was also participated by Investissement Québec, DNA Fund, and BNC (National Bank of Canada). Investissement Québec brought more shares and doubled its position.

Quebec-Based E2IP $120M Series Development Canada

CEO E2IP, Eric Saint-Jacques, said that the raised funds will be used to build a high volume capacity in Casablanca, Morocco, and also planned to build an R&D in Montreal that helps us to accelerate growth.

e2ip is solemnly focused on technology that helps users interact with the digital world through innovations. e2ip-developed printed electronics are advanced and can be used in high-grade HMI, and IIoT solutions for enterprise level. Moreover, e2ip has a strong connection with the medical, aerospace, and transportation sectors which helps them to generate a huge revenue.

Also Read: Fly.io Raised $70M Series C

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