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.