Dhaka-based Leading IoT Company Bondstein Raises $1 Million in New Investment, Looks to Invest in R&D and Expansion
Summary
The company says it is the market leader in the Internet of Things (IoT) industry in Bangladesh, serving a wide range of customers through offering connected technologies. Bondstein’s hardware agnostic proprietary IoT Cloud processes over 250 million data transactions per month. Built on the IoT Cloud, Bondstein also provides remote power monitoring solutions in over a thousand telecom towers across the country. In a statement, Hafizur Rahman Khan, Chairman, Runner Group said, “Bondstein has a proven capability of innovation and solving real life problems. Zahedul Arefin, CEO of ZA Capital has said, “Bondstein has a unique value proposition in the deep tech space.
Funding
Amount
$1.0M
Total raised
Date
October 23, 2021
Announcement date
Investors
-
Lead investors
Company
http://www.bondstein.com/
Funded company
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