Traction is increasing at West Chester, Pa.-based Fischer Block, so it was good timing to bring on some venture capital and scale up operations, founder Greg Wolfe said.

The company, makers of an internet-of-things platform for system management at power utilities and industrial plants, just raised a $3.4 million Series A round from private investors.

The capital, Wolfe said, will go towards advancing the company’s predictive analytics platform. Through patented wireless devices called “SMART Blocks,” Fischer Block helps management teams at utilities and large industrial complexes get insights into the “health” of equipment like wind turbines and motors, allowing crews to avoid unplanned shutdowns.

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