Altizon Systems, a Pune, India-based product company focused on the Industrial Internet, closed a seed round of funding of undisclosed amount.
Backers included The Hive, Infuse Ventures and Persistent Ventures.
The company intends to use the funds to grow operations.
Led by Vinay Nathan, CEO and co-founder, Ranjit Nair, CTO, Yogesh Kulkarni, COO and co-founder, Altizon has a family of appliances and SDKs that drive data from sensors in Industrial Equipment to its Datonis™ platform, which is architected to be the point of reference for Enterprises adopting the Internet of Things (IoT). The platform, available as a SaaS as well as an on-premise offering, performs large-scale data ingestion and aggregation utilizing Big Data technologies on time series data.
It is leveraged by OEM and SI partners to build applications for on-premise and cloud solutions for operational efficiency, predictive maintenance, remote monitoring and consumer insight in manufacturing, smart grid and connected health industries.
FinSMEs
19/09/2014