Axonize, an Israeli startup specializing in IoT services based on Microsoft Azure, secured, raised $6m in Series A funding.
Backers included Deutsche Telekom, Meron Capital, StageOne Ventures and Cornerstone Venture Partners.
The company will use the funding to invest in further enhancement of its platform and accelerate the ramp-up of its sales team.
Led by Janiv Ratson, CEO, Axonize provides an IoT orchestration platform that enables IoT service providers to orchestrate, connect, and manage multiple IoT applications, granting service providers management capabilities across all applications.
The company has an architecture based on a pre-built, highly flexible AnyAPP™ application layer that resides on a secure Microsoft Azure cloud.