# Okto Grid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/okto-grid

- Industry: Electronics
- Headquarters: Copenhagen, Denmark
- Website: www.oktogrid.io
- Total disclosed funding: $3.2M
- Latest round: Seed (Dec 3, 2022)
- Investors on record: 5

## About

Based in Copenhagen, Denmark, and founded in 2017, Okto Grid provides smart sensors for transformer condition monitoring. In February 2021, the firm raised an amount of debt funding from investor Vaekstfonden. The funding was part of a larger EUR 700,000 equity and debt round. As of 2022, the company was headed by Golam Sadeghnia as CEO, who is also the founder of the company. 

The company offers a solution such as an acoustics data aggregation IoT platform that provides optimal acoustics and improves soundscapes for any type of event and measures condition change, detects anomalies, tracks assets performance, and delivers the report. Additionally, it measures and delivers real-time insights into acoustical parameters. Furthermore, the company identifies and evaluates a wide variety of sounds and integrates a wireless, data-driven variable acoustics system with the help of artificial intelligence. 

The company plans to use the February 2021 funding to launch its product.

## Funding rounds

- Seed, Dec 3, 2022, $3.2M — ABB Technology Ventures, Rockstart Enterprises, Elewit, Redeia, EMD Foundation

## Investors

- ABB Technology Ventures (https://capitalatlas.ai/funds/abb-technology-ventures) — Seed
- Rockstart Enterprises (https://capitalatlas.ai/funds/rockstart-enterprises) — Seed
- Elewit (https://capitalatlas.ai/funds/elewit) — Seed
- Redeia — Seed
- EMD Foundation — Seed