Mobile Infrastructure Company Mason Closes $25 Million Series A Round
Mason provides mobile infrastructure for smart hardware. The company announced this week that it has secured $25 million in Series A financing, with Coatue leading the round and GGV Capital and Base10 joining as the latest investors.
As part of the deal, Thomas Laffont and Arielle Zuckerberg from Coatue will serve on Mason’s board. Mason plans to invest in its platform and expand its team as the company prepares for enterprise market growth.
“Businesses can save the time and cost of building, deploying and managing dedicated hardware while reaping the benefits of capturing data and addressing customer pain points in unprecedented ways.”
“Building integrated hardware and software solutions is incredibly complex - which is why Coatue is thrilled to invest in Jim and the Mason team. Mason lets software companies get back to focusing on their core competencies by giving them the critical tools needed to launch dedicated smart hardware initiatives in a matter of months,” said Arielle Zuckerberg, Partner at Coatue Ventures. “Businesses can save the time and cost of building, deploying and managing dedicated hardware while reaping the benefits of capturing data and addressing customer pain points in unprecedented ways.”
Examples of Mason’s solution in action include patient engagement solutions in hospitals, electronic data capture for clinical trials, electronic logging for trucking, ordering kiosks at restaurants and dedicated gateways for medical devices, according to the company’s statement.
“We’re honored to have the backing of this amazing group of investors. It’s a powerful endorsement of the market need and our mission to help anyone build and deliver smart hardware products in as little as two days,” Mason’s founder and CEO, Jim Xiao, said in a statement. “We’ve seen the incredible impact dedicated devices can have across every major industry, but there have always been major roadblocks going to market. Our goal is to remove those barriers and make delivering game-changing software on dedicated hardware easy and affordable.”