# Altizon Systems Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/altizon-systems-private

- Industry: Software
- Headquarters: Pune, India
- Website: www.altizon.com
- Total disclosed funding: $13M
- Latest round: Series A (Apr 27, 2019)
- Investors on record: 8

## About

Altizon Systems Private Limited specializes in providing an Industrial IoT platform, DFX, aimed at enhancing digital transformation in manufacturing sectors through improved data insights and operational efficiency.Founded in 2013 in Pune, India, Altizon Systems Private Limited focuses on digital transformation for the manufacturing sector by implementing its Industrial IoT platform. The company raised USD 7.00 mn in Series A funding on April 27, 2019, led by TVS Motor Company Limited, with participation from Lumis Partners, The Hive, and Wipro Ventures. The current CEO, Vinay Nathan, along with co-founders Ranjit Nair and Yogesh Kulkarni, have positioned Altizon to address the evolving needs of industries worldwide, with a specific focus on automotive, food and beverage, and industrial clients across North America, Europe, and Asia.Altizon Inc. primarily offers its Industrial IoT platform named DFX, which facilitates the digitization of manufacturing operations. This platform enables businesses to monitor critical metrics such as Overall Equipment Effectiveness (OEE), quality control, predictive maintenance, and energy consumption, enhancing productivity, reducing breakdowns, and promoting sustainability. Customers benefit from a subscription model that provides customizable solutions tailored to their specific manufacturing needs, ensuring continuous access to Altizon’s digital tools and analytics capabilities.In the most recent financial year of 2021, Altizon Systems Private Limited reported a revenue of USD 654,435.50 with an EBITDA of USD -983,738.Altizon plans to utilize the funds raised in the Series A round to enhance its product offerings and expand into new markets. The company is focused on launching new features within its DFX platform and aims to penetrate additional geographic regions, specifically targeting Europe and Asia by 2025. The capital raised will support the development of innovative solutions and bolster marketing efforts to capture a broader client base in these regions.

## Funding rounds

- Series A, Apr 27, 2019, $7M — Lumis Partners, The Hive, Wipro Ventures, TVS Motor Company Limited
- Series B, Jul 25, 2018, $1M — Wipro Ventures, pi Ventures, HIVE Ventures
- Series A, Feb 2, 2016, $4M — Lumis Partners, The Hive, Wipro Ventures, Infuse Ventures
- Seed, Sep 10, 2014, $0.8M — Persistent Venture Fund, The Hive, Infuse Ventures

## Investors

- Persistent Venture Fund (https://capitalatlas.ai/funds/persistent-venture-fund) — Seed
- The Hive (https://capitalatlas.ai/funds/the-hive) — Seed, Series A
- Infuse Ventures (https://capitalatlas.ai/funds/infuse-ventures) — Seed, Series A
- Lumis Partners (https://capitalatlas.ai/funds/lumis-partners) — Series A
- Wipro Ventures (https://capitalatlas.ai/funds/wipro-ventures) — Series A, Series B
- pi Ventures (https://capitalatlas.ai/funds/pi-ventures) — Series B
- HIVE Ventures — Series B
- TVS Motor Company Limited — Series A