About Iota Technologies
Iota Technologies is a Technology company based in Pune (India) founded in 2021 by Ivan D and T J Rulapaugh. ERP software is developed for manufacturing, sales, and distribution sectors. Iota Technologies has raised $10.4 million across 2 funding rounds from investors including Oxy, Altira Group and Aramco Ventures. The company has 1 employees. Its chief executive, as recorded, is Ivan D. Iota Technologies offers products and services including VUE, Migrations, Integrations, and Solutions. Its focus areas include Enterprise Applications, Enterprise Resource Planning, Manufacturing and Discrete. Its legal entity in India is Iota Technologies Limited (U72200PN1999PLC013420).
Company details
Iota Technologies was founded in 2021 in Pune, India, focusing on the manufacturing industry. Sixth Sense ERP is provided for operations in sales, distribution, manufacturing planning, inventory, purchases, financial accounting, payroll, and Indian statutory compliance. Additional offerings include vertical-specific solutions and Sixth Sense CRM. Consulting and training services are also extended to support implementation.
- Headquarters Pune, India
- Employees 1
- Founders Ivan D, T J Rulapaugh
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website iotasoft.com
- Social LinkedIn
- Legal Name Iota Technologies Limited
- Date of Incorporation 15 Mar, 1999
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹2,470
FY 2022 · -88% YoY
- Net Loss-₹1.1 Lakh
FY 2022 · -4362% margin
- EBITDA-₹80,100
FY 2022 · -3243% margin
- Total Equity Funding$10.4M (USD)
in 2 rounds
- Latest Funding Round$10.4M (USD), Series A
Oct 2024
- InvestorsOxy
& 3 more
- Employee Count1
Associated legal entities of Iota Technologies
Iota Technologies operates through Iota Technologies Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iota Technologies Limited CIN U72200PN1999PLC013420 | Active | 15 Mar 1999 | Pune, Maharashtra | ₹0.0 Cr | 3 | View details |
Products & Services of Iota Technologies
Iota Technologies offers a comprehensive portfolio of products and services, including VUE, Migrations, Integrations, and Solutions.
Unified view for operations, analytics, and insights in industrial settings.
Tool for migrating dashboards without disrupting operations.
Seamless connection of data sources for unified operations.
Custom views for industries and personas in manufacturing.
Funding Insights of Iota Technologies
Iota Technologies has successfully raised a total of $10.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.4 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10.4M
- Total Rounds 2
- Last Round Series A — $10.4M
- First Round $6.5M
(May 2023)
- Investors Count 4
All 2 funding rounds of Iota Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $10.4M | Series A | – | Altira Group | |
| May 2023 | $6.5M | Unspecified | – | – | – |
4 investors in total: 4 institutional.
Investors in Iota Technologies
Iota Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Oxy, Altira Group and Aramco Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth stage energy sector focused VC firm investing primarily in the US and Canada | altiragroup.com | Denver, United States | ||
Early-stage startups are targeted for investment by Aramco Ventures. | aramcoventures.com | Dhahran, Saudi Arabia | ||
| secondave.com | ||||
Integrated petroleum services are provided worldwide by Oxy. | 1920 | oxy.com | Houston, United States |
Investor details for Iota Technologies
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Board of directors of Iota Technologies Limited (Iota Technologies)
Iota Technologies Limited is the primary company behind Iota Technologies. The board of Iota Technologies Limited currently have 3 directors; the longest-serving is Govind Sadashiv Sovale, appointed in 1999. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Govind Sadashiv Sovale DIN 00475923 | Managing Director | 15 Mar 1999 | 27 yrs 7 mo | Iota Technologies Limited |
| Ajinkya Vasant Kulkarni DIN 00476005 | Director | 23 Jun 2003 | 23 yrs 4 mo | Iota Technologies Limited |
| Bipin Kamlakar Tike DIN 02701576 | Director | 01 Oct 2010 | 16 yrs | Iota Technologies Limited |
People of Iota Technologies
2 people are tracked at Iota Technologies (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Ivan D | Co-Founder & CEO | Leadership |
T J Rulapaugh | Co-Founder | Leadership |
Complete people profiles for Iota Technologies
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Financials of Iota Technologies
Figures of Iota Technologies Limited, the primary company behind Iota Technologies, for FY 2022. Revenue was ₹2,470 (-88% year on year). Net loss was -₹1.1 Lakh (-4362% margin). EBITDA was -₹80,100 (-3243% margin). Revenue has grown at a compounded annual rate of -88% over three years and -76% over five years.
- ₹2,470Revenue · FY 2022 · -88% YoY
- -₹1.1 LakhNet loss · -4362% margin
- -₹80,100EBITDA · -3243% margin
- ₹12.6 LakhPaid-up capital
- -88%Revenue CAGR, 3 years
- -76%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iota Technologies Limited are on its company page.
Detailed financial statements for Iota Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Iota Technologies
3 dated milestones of Iota Technologies across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Iota Technologies is founded.
- Funding First funding round of $6.5M.
- Funding Latest funding round, Series A, of $10.4M.
Web traffic of Iota Technologies
The website of Iota Technologies (iotasoft.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▲ 46.1% vs previous month
Websites whose visitors overlap most with Iota Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details |
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Related news about Iota Technologies
Complete news archive for Iota Technologies
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Frequently Asked Questions about Iota Technologies
Iota Technologies was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Iota Technologies is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ivan D is the CEO of Iota Technologies, as recorded in our data. They have also founded this company.
Iota Technologies is a funded company, having raised a total of $10.4M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $6.5M, raised on May 2023.
Iota Technologies has 1 employees.
The primary company behind Iota Technologies, Iota Technologies Limited, reported revenue of ₹2,470 for FY 2022, down 88% year on year.
Iota Technologies was founded in 2021 in Pune, India, focusing on the manufacturing industry. Sixth Sense ERP is provided for operations in sales, distribution, manufacturing planning, inventory, purchases, financial accounting, payroll, and Indian statutory compliance. Additional offerings include vertical-specific solutions and Sixth Sense CRM. Consulting and training services are also extended to support implementation.
Iota Technologies offers VUE, Migrations, Integrations, and Solutions.
Iota Technologies has 4 investors. Key investors include Oxy, Altira Group, Aramco Ventures, and Second Avenue Partners.
Iota Technologies operates through Iota Technologies Limited.
The legal entities of Iota Technologies currently have 3 directors, including Ajinkya Vasant Kulkarni, Bipin Kamlakar Tike, Govind Sadashiv Sovale.