Altizon, Inc., a Scotts Valley CA-based global industrial IIoT platform company addressing the manufacturing industries, closed a $7M Series A+ funding.
The round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS Motor Company Limited and participated by existing investors The Hive, Wipro Ventures, and Lumis Partners.
The company intends to use the funds to strengthen its international presence and continue its investments in IP development.
Led by Vinay Nathan, CEO, Altizon provides the Datonis Industrial IoT platform for enterprises to use machine data to drive business decisions in the field of industrial IoT needs from intelligent edge computing to business applications for smart manufacturing.
The company has a global footprint of over 100 enterprise users.