St. Louis-based software startup Coolfire Solutions has raised $11.5 million in a Series B funding round featuring investment from the venture capital arm of rental car giant Enterprise Holdings.
An “undisclosed strategic investor” led the funding round, according to a press release. Additional investment came from a mix of existing and new investors, including the IrishAngels group.
Coolfire plans to use the capital to accelerate sales, marketing and product development efforts, according to the release.
Founded in 2010, Coolfire makes the Ronin Platform, which the company describes as a “situational awareness” tool designed to incorporate data from a variety of sources in real time. Initially developed for the U.S. military, the technology has since been adopted by the business sector, including Enterprise Rent-A-Car, the flagship brand under Enterprise Holdings.
“This latest round further validates the power of our Ronin Platform to transform industries, particularly in the hands of the most innovative companies in the world like Enterprise Holdings,” Coolfire CEO Don Sharp said in the release.