Indian IoT startup DATOMS has secured Rs 25 crore in a Series A funding round led by Big Capital JSC, with support from IvyCap Ventures and YourNest Venture Capital. This funding will enable DATOMS to enhance its product and technology, expand its market presence, and recruit talent in engineering, data science, and enterprise sales.
DATOMS, founded in 2021, offers an industrial IoT platform that transforms physical machines into trackable assets, facilitating real-time performance monitoring, failure prediction, energy optimization, and service management for enterprises and OEMs. With a current monitoring capacity of over 25,000 machines in various sectors, DATOMS aims to scale up to 1 lakh machines within a year. Operating from Bhubaneswar and Bengaluru, the company serves more than 100 global customers.
Despite reporting increased operating revenue in FY25, DATOMS also experienced widened losses during the same fiscal year. The company’s focus on leveraging technology to optimize operational efficiency and asset management underscores the importance of industrial IoT solutions.
Source: Entrackr : Latest Posts