With various funding options available, the number of startups continues to be on the rise in India. Emerging IoT startups to watch out in 2016 includes: Altizon – The world’s first Industrial Internet Platform Company focused on making Enterprises Internet of Things (IoT) ready.
Altizon Systems, the Internet of Things (IoT) platform innovator today announced it has closed a $4M round of series A funding led by Wipro Ventures & supported by Lumis Partners and current investors, The Hive & Infuse Ventures. Altizon has emerged as a leading partner for enterprises in an IoT driven world.
Armed with the power of data analytics companies can now leverage the power of Industrial Internet of Things to optimize their performance. Altizon Systems Private Limited, a Pune-based company, is at the forefront of this Industrial IoT revolution.
Rohit Bhayana, Managing Partner of Lumis Partners, who will be joining Altizon’s Board stated, “Industrial IoT has a direct bearing on productivity, client satisfaction and market leadership and therefore, it’s not another ‘good to do’, but a ‘must have’.
Altizon Scales Up with Series A Funding of $4M. The Series A funding builds on an exceptional year for Altizon, marked by strategic partnerships with industry leaders like Wipro Ltd. and Kepware to further its go-to-market initiatives
Wipro Ventures, the $100-million venture capital arm of India’s third largest software exporter, has invested in Pune-based Big Data startup Altizon Systems Pvt Ltd for Rs 9.78 crore as part of a Series A funding round. Altizon’s big data platform will align with Wipro’s IoT platform
Altizon scales up with $4M Series A Funding. IoT shows a lot of promise in making technology more seamless and useful for human needs. With their HQ in Pune, presence in Palo Alto and backing from marquee investors, Altizon has a good chance of capturing the enterprise (B2B) market in India.