Europe’s largest industrial manufacturing company, Siemens, has agreed to acquire the Silicon Valley Internet of Things (IoT) solutions start-up Enlighted. Financial details have not been disclosed and the transaction is expected to close in the third quarter of 2018. Founded by Premal Ashar and Tanuj Mohan, Enlighted have raised more than $80 million in funding since its establishment in 2009. This includes $45 million from two rounds of Series D financing in 2014 and 2016, when RockPort Capital and Tao Capital Partners led respective investment rounds. “With Siemens as a global partner, we will both accelerate innovation and market adoption of our smart building technologies on an international scale,” said Joe Costello, Chairman and CEO of Enlighted Inc, who will no doubt see the deal with the German conglomerate as the next step in the evolution of his Silicon Valley firm’s to the global stage. “Enlighted has a strong footprint in revolutionizing building intelligence by […]