About IOTech
IOTech is a company based in Newcastle Upon Tyne (United Kingdom) founded in 2010 by Anna Duong and Ha Minh. IOTech has raised $20.8 million across 6 funding rounds from investors including Gov.uk, European Union and The Scottish National Investment Bank. The company has 37 employees as of December 31, 2023. IOTech offers products and services including Edge Central, Edge Connect, and Edge Manager. IOTech operates in a competitive market with competitors including Litmus, Infinite Uptime, Flutura, Crosser and Ekkono, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Employees 37 as on 31 Dec, 2023
- Founders Anna Duong, Ha Minh
- Stage Minicorn
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Iotech Systems Limited
- Date of Incorporation 03 Apr, 2017
- Jurisdiction WASHINGTON, ENGLAND
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$20.8 M (USD)
in 6 rounds
-
Latest Funding Round
$2.61 M (USD), Series B
Mar 28, 2024
-
Investors
Gov.uk
& 6 more
-
Employee Count
37
as on Dec 31, 2023
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of IOTech
IOTech offers a comprehensive portfolio of products and services, including Edge Central, Edge Connect, and Edge Manager.
Platform for acquiring and processing industrial OT data in real-time.
Software for connecting and aggregating data from various devices.
Tool for monitoring and managing edge nodes at scale centrally.
People of IOTech
Unlock access to complete
Funding Insights of IOTech
IOTech has successfully raised a total of $20.8M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $2.61 million completed in March 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.
Investors in IOTech
IOTech has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Gov.uk, European Union and The Scottish National Investment Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund investing in multiple sectors
|
Locked | Locked | Locked | |
|
Early-stage investments are made in UK companies across diverse sectors.
|
Locked | Locked | Locked | |
|
Operates as a diversified portfolio management firm for clients.
|
Locked | Locked | Locked |
Investor details for IOTech
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by IOTech
Investment portfolio details for IOTech
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - IOTech
Detailed financials for IOTech
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Iotech Comparisons
Peer comparison for IOTech
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of IOTech
IOTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Litmus, Infinite Uptime, Flutura, Crosser and Ekkono, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Real-time data analysis platform for industrial edge computing is offered.
|
|
| Locked | Locked | Locked |
AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
|
|
| Locked | Locked | Locked |
End to end IoT platform for asset monitoring
|
|
| Locked | Locked | Locked |
Edge computing software for industrial and enterprise IoT is provided.
|
|
| Locked | Locked | Locked |
Embedded Edge AI platform is offered for on-device machine learning.
|
|
| Locked | Locked | Locked |
Asset monitoring software is provided for industrial equipment optimization.
|
Detailed competitors of IOTech
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Iotech
Complete news archive for IOTech
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about IOTech
IOTech was founded in 2010 and raised its 1st funding round 8 years after it was founded.
IOTech is headquartered in Newcastle Upon Tyne, United Kingdom.
Keith Steele is the current CEO of IOTech.
IOTech is a funded company, having raised a total of $20.8M across 6 funding rounds to date.
As of Dec 31, 2023, the latest employee count at IOTech is 37.
IOTech Systems builds and deploys edge computing platforms for the industrial Internet of Things applications. It offers Edge Expert, an open-source platform for building edge applications that enables workloads to be processed at the IoT edge while enhancing security, providing real-time decision-making reducing IoT data storage or transport requirements. The company claims that the platform is vendor-independent thereby enabling interoperability between things, applications, and services, across multiple use cases. Additionally, it allows for independent microservices to be distributed across discrete hardware devices, written in different languages (such as Java, Go Lang, CC) communicating with each other via HTTP-REST (and other protocols such as MQTT and ZeroMQ). It also supports the integration of multi-protocol OT devices and sensors (such as Modbus, BACnet, OPC UA devices) and ITcloud (such as Microsoft Azure IoT Hub and AWS IoT Platform) endpoints via APIs. Partners include Dell IoT Solutions, Edge X Foundry, and The Linux Foundation.
IOTech's top competitors include Infinite Uptime, Litmus and V5 Systems.
IOTech offers Edge Central, Edge Connect, and Edge Manager.
IOTech has 7 investors. Key investors include Gov.uk, European Union, The Scottish National Investment Bank, Dell Technologies Capital, and SPDG Ventures.
The valuation of IOTech is $42.2M as of Mar 2024.