mCloud

About

MCloud is an IoT connected asset care cloud solution company.

Calgary,Alberta,Canada
101 - 250
https://mcloudcorp.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $10.50M
Industries: Analytics,Artificial Intelligence,Internet of Things
Founded date: Jan 1, 2010
Number Of Employee: 101 - 250
Operating Status: Active
Stock Symbol: cve:MCLD
Legal Name: mCloud Technologies Corp.
Also Known As: Universal mCloud

MCloud creates a future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud’s AI-powered AssetCare platform, the company offers complete asset management solutions to three distinct segments: smart facilities, power generation, and process industries including oil and gas. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

10

$34.68M $88.83M

mCloud has raised a total of $34.68M $88.83M in funding over 2 rounds. Their latest funding was raised on Dec 28, 2022 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 28, 2022	Post-IPO Equity	$10.50M	—	—	—	Detail
Nov 10, 2022	Post-IPO Equity	$18M	—	—	—	Detail
Nov 25, 2021	Post-IPO Debt	$5M	1	ATB Financial	—	Detail
Jan 22, 2021	Post-IPO Debt	$6.18M	—	—	—	Detail
Jul 16, 2020	Post-IPO Equity	$15.50M	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

14

0

mCloud has made 14 investments. Their most recent investment was on Jun 15, 2022, when DAOLens raised $5M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jun 15, 2022 DAOLens	Pre-seed	$5M	Blockchain	—
Jan 25, 2022 Flint	Seed	$5.10M	Apps	—
Nov 10, 2021 Prodo	Pre-seed	$400K	Manufacturing	—
Jul 14, 2021 Multiplier	Seed	$4M	Compliance	—
Feb 3, 2020 fleetx.io	Series A	$2.80M	Analytics	—

Investors

Number of Lead Investors

Number of Investors

1

mCloud is funded by 1 investors. ATB Financial are the most recent investors.

Investor Name	Lead Investor	Funding Round
ATB Financial	Yes	Post-IPO Debt

Employee Profiles

Number of Employee Profiles

6

mCloud has 6 current employee profiles, including Employee Vincent Higgins

Employee

Executive

Executive

Executive

Executive

Acquisition

mCloud has acquired 7 organizations. Their most recent acquisition was NGRAIN on Jan 5, 2018. They acquired NGRAIN for 0.

Date Company Name	Industry	Acquisition Type	Price
Jan 5, 2018 NGRAIN	3D Technology	acquisition	—	Detail
Aug 9, 2019 Fulcrum Automation Technologies	Analytics	acquisition	—	Detail
Aug 9, 2019 Autopro Automation Consultants	Industrial Automation	acquisition	—	Detail
Jan 27, 2020 Construction Systems Associates	Information Technology	acquisition	—	Detail
Feb 10, 2020 BuildingIQ	Energy	acquisition	—	Detail