Mercury Announces $120M Series B Round
31 Jul, 2021
– Blues Wireless, an IoT startup founded by former Microsoft exec Ray Ozzie, has raised $22m from investors including Microsoft co-founder Bill Gates.
– Sequoia Capital and former Stripe exec Lachy Groom led the Series A round, which will fuel growth for the company’s technology that helps product manufacturers send data from their physical assets to cloud-based apps over cellular networks.
– Blues is the latest venture from Ozzie, who invented the Lotus Notes group messaging platform in the 1980s. He later launched and sold two startups to Microsoft: Groove Networks in 2005, and Talko in 2015. He joined Microsoft after the Groove deal, ultimately succeeding Gates as the company’s chief software architect, and helping to lead the launch of Microsoft’s Azure cloud computing platform.