Altizon Systems Closes $4M Series A Funding
Summary
Altizon Systems, a Pune, India-based provider of an Internet of Things (IoT) development platform, closed a $4m series A funding.The round was led by Wipro Ventures with participation from Lumis Partners and current investors The Hive and Infuse Ventures.The company plans to use the funds for scaling up its sales and marketing functions both in India and globally.Led by CEO Vinay Nathan, Altizon provides Datonis™, a platform for enterprises in Manufacturing and Cleantech sectors to develop their IoT applications around condition-based monitoring, predictive maintenance and machine learning.The solution features device connectivity kits, a device management layer, a real-time, big-data analytics engine and alerting and monitoring services.
Funding
Amount
$4.0M
Total raised
Date
February 2, 2016
Announcement date
Investors
-
Lead investors
Company
http://www.altizon.com
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
Industrial IoT
Manufacturing Software
SaaS
Linked Companies
Altizon Inc.
$1M to $5M