Altizon on the road to success: bags $4M in Series A Funding. Likewise, this funding translates into an exceptional year for Altizon, as it marks a strategic partnership with industry leader Wipro Ltd. The company plans to utilize the funds for scaling up its sales and marketing functions in India as well as abroad.
Altizon Scales Up with Series A Funding of $4M. Altizon has emerged as a leading partner for enterprises in an IoT driven world. Datonis®, the flagship platform of Altizon is the platform of choice for top enterprises in Manufacturing and Cleantech sectors for their IoT initiatives.
Altizon Scales Up with Series A Funding of $4Mn. 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 Systems Pvt Ltd, which operates a technology platform for developing industrial IoT solutions, has raised $4 million (Rs 27.2 crore) in Series A funding led by Wipro Ventures and Lumis Partners. The company will use the funds raised to scale up its sales and marketing globally.
“We are seeing increasing adoption of IoT technologies across our customer base. The Altizon investment represents our commitment to investing in companies building disruptive technologies,” said Biplab Adhya, Vice President and Co-Head, Wipro Ventures.
Altizon Scales Up with Series A Funding of $4M. Altizon’s co-founder and CEO, Vinay Nathan says, “This milestone and the commitment from our investors validates the belief in the growth story of Altizon as a leading innovator in the Industrial IoT space “