# Iotium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iotium

- Industry: IT Infrastructure
- Headquarters: Santa Clara, US
- Website: www.iotium.io
- Total disclosed funding: $22M
- Latest round: Series B (Aug 9, 2018)
- Investors on record: 8

## About

Iotium, Inc. is a US-based provider of secure connectivity solutions for Internet of Things (IoT) applications, enabling seamless integration and management of IoT devices across various sectors.Iotium, Inc. specializes in IoT connectivity solutions, founded in 2015, and is headquartered in Santa Clara, US. The company was founded by Dhawal Tyagi, who has a background in technology and entrepreneurship. Iotium has raised USD 13.60 mn in total funding, with the most recent round being a Series B on July 8, 2021, led by March Capital Partners alongside investors like GE Ventures and Honeywell Ventures. The total current company valuation stands at USD 45.651 mn.Iotium offers a suite of secure connectivity solutions designed for IoT applications. Their core offerings include software platforms that facilitate device management and data exchange, primarily targeting enterprises looking to enhance operational efficiencies through IoT integration. Their services support a range of industries, allowing businesses to deploy and manage IoT devices effectively while ensuring data security.The company generates revenue through a subscription-based model for its software solutions, alongside direct sales. Clients subscribe to annual or multi-year plans, with additional income from premium features like enhanced security and analytics tools. This tiered pricing strategy caters to various enterprises, from small businesses to large corporations, ensuring predictable revenue streams from their flagship IoT management solutions.Iotium plans to leverage recent funding from the Series B round to enhance its product offerings, with a focus on launching new features aimed at improving device security and interoperability by mid-2022. The company is also targeting expansion into the European and Asian markets by late 2023 to broaden its customer base, following the strategic acquisition by View, Inc. in July 2021, which provides additional resources to support these initiatives.

## Funding rounds

- Series B, Aug 9, 2018, $14M — Juniper Ventures, March Capital, GE Ventures, Honeywell Ventures, Hanna Ventures, JC2 Ventures
- Series A, May 11, 2017, $8.4M — Juniper Networks, Inc., March Capital, GE Ventures, OpenSource Ventures

## Investors

- Juniper Networks, Inc. — Series A
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series A, Series B
- GE Ventures — Series A, Series B
- OpenSource Ventures — Series A
- Juniper Ventures — Series B
- Honeywell Ventures (https://capitalatlas.ai/funds/honeywell-ventures) — Series B
- Hanna Ventures — Series B
- JC2 Ventures (https://capitalatlas.ai/funds/jc2-ventures) — Series B