- Altizon Systems Pvt. Ltd, which operates a platform to develop solutions based on industrial Internet of Things (IIoT), said it has raised $7 million (around Rs 49 crore) in its Series A round of funding.
- Pte Ltd, a wholly owned subsidiary of motorcycle company TVS Motor Company Ltd, led the round, Altizon said in a statement.
- Existing investors The Hive Fund, Wipro Ventures and Lumis Partners also participated in the funding round, it added.
- The company also has a wholly owned US subsidiary Altizon Inc.
TVS Motor unit leads Series A funding in industrial IoT startup Altizon
29 April 2019 1:01 AM GMT