Link Labs, a tech company based in Annapolis, announced today it has raised $5.7 million in venture capital. The funding round was led by TCP Venture Capital and included a $500,000 investment from the State-run Maryland Venture Fund.
The company is developing cutting edge technology to better connect the "Internet of things" industry shorthand for the increasing interconnectedness of physical objects, such as air conditioning systems and refrigerators that can be controlled using a home owner's cell phone.
The primary markets for Link Labs include industrial sensing and control, building management, smart agriculture, government and municipal applications, asset tracking, and others. Link Labs is a leading innovator in low-power, wide-area network (LPWAN) technology that serves as connective tissue for groups of devices in these areas. The company's Symphony Link hardware and software package enables wireless communication over a wider range than traditional methods and enables batteries in the connected "things" to last for more than a decade.
"This round marks an important milestone for us as we shift from system development, to accelerated deployment with our early customers," said Brian Ray, CEO of Link Labs. "This gives us the capital to expand our distribution channel and open up additional international markets and new applications."
TCP Venture Capital led the fundraising round, which also included Blu Venture Investors, Inflection Point Partners, and others.
"The world we live in continues to become more and more connected," said Christopher G. College, Managing Partner of TCP. "Link Labs' Symphony solution for connecting the internet of things is the next evolution for businesses to connect their products to the internet and beyond. TCP Venture Capital is excited to be part of the team to help grow Link Labs' business."

