Altizon is focussed on Industrial Internet and offers a platform to manufacturers to build intelligent connected devices and manage them from the cloud
Internet of Things (IoT) and Big Data have been two of the most-talked-about technology domains for the past two years. While Big Data has already moved the enterprise world, IoT is fast picking up and has already made its way into ‘wearables’.
An India-based startup has combined both these cutting-edge technologies to provide enterprises with mission-critical applications around condition-based monitoring, predictive maintenance and machine learning.
The startup, Altizon Systems, has just raised US$4 million in Series A round of funding led by Wipro Ventures, the VC investment arm of Indian software major Wipro. Lumis Partners, along with existing investors, including The Hive and Infuse Ventures, also participated.
The Pune-headquartered company plans to utilise the funds to scale its sales and marketing functions both in India and globally.
Co-founder and CEO Vinay Nathan said: “With this development, we plan to take Altizon’s value proposition globally and continue to invest in our innovation edge around the Datonis platform.”
Founded in 2013, Altizon is an industrial Internet platform. Its flagship product Datonis helps enterprises build IoT products and solutions in a short span of time by providing device connectivity kits, a device management layer, a real-time Big Data analytics engine, and alerting and monitoring services.
The company is mainly catering to the manufacturing and cleantech companies.
“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 has the depth and agility that OEMs need in such a critical space and are delighted to partner with them in this journey,” said Rohit Bhayana, Managing Partner at Lumis Partners.
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