Enterprise tech company DATOMS has successfully raised ₹25 Cr ($2.8 Mn) in a Series A funding round led by Big Capital JSC, with IvyCap Ventures and YourNest Venture Capital also participating. The funding will be used to enhance product and technical capabilities, expand into new markets, and hire talent across various domains.
Founded in 2021, DATOMS offers an integrated operations cloud that enables real-time monitoring and management of people, processes, and machine operations on a unified platform. The company’s client base includes prominent names like Tata Steel, ONGC, ABB, and Dalmia Bharat Cement, and it aims to scale its machine monitoring from 25,000 to 100,000 units in the coming year.
Key areas for investment include enhancing AI and analytics functionalities, refining automation features, and developing solutions for predictive maintenance, performance optimization, and energy management. DATOMS primarily serves original equipment manufacturers (OEMs) in the industrial IoT, energy tech, and enterprise software sectors, focusing on improving performance in asset-intensive industries.
Prior to this Series A round, DATOMS had secured ₹13.5 Cr in a pre-Series A funding round. The company has now raised over ₹20 Cr in total funding from investors like Yournest Venture Capital, Operators Studio, and APT Research, among others. This latest funding aligns with the increasing demand among enterprises for advanced solutions to optimize operational efficiency and asset performance.
Source: Inc42 Media