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TechnoMile Secures Funding from Lighter Capital to Boost Growth

Technology company to accelerate growth of sales, marketing and product development to further penetrate markets, bringing improvements in AI and analytics.

MCLEAN, Va., May 15, 2019-- TechnoMile, an industry-specific cloud solution and business process consulting services provider, secured major funding today from Seattle based Lighter Capital, the leading fintech lender to tech startups. The investment is poised to assist TechnoMile in product development and brand awareness.

"We have reached a point of inflection where the development we are doing in our products, AI and analytics, required funding so that we may deliver best in class and best in industry solutions for our customers. This will also allow our growing sales and marketing to further penetrate into the manufacturing, architectural and engineering industries," said Ashish Khot, CEO of TechnoMile.

"We're excited to have teamed up with TechnoMile. Their success with the "Innovation as a Service" model has been remarkable thus far, and we're big believers in their future. We are honored to be a part of their continued growth," said BJ Lackland, CEO of Lighter Capital.

With the investment and exponential growth in the last 3 years, TechnoMile is positioning itself to become a major player to help companies grow, comply, govern and operate leveraging CRM and BPM software. TechnoMile's clientele includes a growing roster of Fortune 500 clients, as well as small and medium-sized businesses.

About TechnoMile

TechnoMile is a technology firm that provides industry-specific software. We provide cloud-based solutions that conduct portfolio management, campaign management, pipeline management, sales management, compliance management, operational management and governance. More at technomile.com.

About Lighter Capital

Lighter Capital is a fintech company revolutionizing startup finance by offering a new funding path for early-stage tech companies. Based in Seattle, Lighter Capital has provided over 550 rounds and over $150MM of financing since it was founded. More at www.lightercapital.com.

Contact:
Media Contact:
Fatima Davis, (703) 340-1308, fatima@technomile.com


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