IOTech, a Newcastle Upon Tome, England, UK-based IoT edge platform company, secured $2.5m in seed funding.
Dell Technologies Capital is an investor and Innovate UK is providing R&D funding.
The company intends to use the funds to accelerate the development of its products and services, enhance support for its partner ecosystem, expand its local presence, and hire across all functional areas of the business with an emphasis on software development, engineering and professional services.
Led by Keith Steele, Founder and CEO, IOTech builds and deploys open and secure software edge platforms for the Industrial Internet of Things (IIoT). The company’s products address the full spectrum of secure hard and soft real-time edge computing needs, reducing time to market and system integration costs for partners who are the supply chains to multiple vertical IIoT market domains.
Its first offer – Edge Xpert – supports the global EdgeX developer community and partner ecosystem by providing a vendor-neutral fully commercialized version of the EdgeX code base. This licensed offering will be available on multiple hardware and OS combinations with regular software upgrades and various support and maintenance options. Complementary professional service offerings will include training, POC support, custom product extensions and third party product integrations.
FinSMEs
12/06/2018