Deeptech IoT platform Datoms has secured $1.2 mn in a funding round headed by Yournest Venture Capital.
With the funds, Datoms intends to expand the range of products it offers and create new applications for construction warehouses. It will also prioritise market expansion throughout India and the Middle East as well as improving internal AI/ML capabilities.
“Growing at a 15% rate month on month, Datoms is building the future of connected operations from India for the world. The funding will strengthen our product offering and provide an opportunity for enterprises and equipment manufacturers in the distributed asset industry to ride the digitisation wave,” Amiya Samantaray cofounder and CEO of Datoms said.
Using internet-connected devices and sensors, OEMs, rental players, and enterprises may monitor and manage industrial assets using Datoms ®, a connected asset management software.
“Datoms has demonstrated deep insights in the domain of IoT operations with a thorough understanding of the stakeholders’ business challenges. It offers a highly scalable solution that could benefit stakeholders across the value chain. Strong traction backed by its growing clientele, involving the likes of Mahindra & Mahindra and Tata Motors, strongly validates the merit in Datoms solutions,” said Sunil Goyal, founder and managing partner of Yournest VC.
Cutting edge technologies are used by Datoms to overcome industrial challenges and connect devices, processes, and systems by turning them smart and unlocking their operational insights, scaling up their efficiency, reducing ownership costs, minimising risks, and providing you with complete peace of mind.
Datoms is a 2021 brand that is managed and controlled by Phoenix Robotix. Asish Sahoo, Nataraj Sahoo, Samantaray, and Amrit Biswal co-founded the company. Equipment manufacturers, leasing and rental organisations, and businesses may optimise asset management and operations with the help of DATOMS, an IoT software platform that leverages machine learning, artificial intelligence, and the internet of things.