About Iotium
Iotium is a company based in Santa Clara (United States) founded in 2015 was acquired by View in July 2021.. Iotium has raised $22 million across 2 funding rounds from investors including Honeywell, View and General Electric. The company has 42 employees as of April 10, 2024. Iotium operates in a competitive market with competitors including Cradlepoint, Platform9 Systems, Guardicore, Aeris and Electric Imp, among others.
- Headquarter Santa Clara, United States
- Employees 42 as on 10 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Iotium Systems Private Limited
- Date of Incorporation 11 Mar, 2016
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$1.51 M (USD)48.27as on Mar 31, 2022
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Net Profit
$185.49 K (USD)47.3as on Mar 31, 2022
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EBITDA
$262.05 K (USD)39.81as on Mar 31, 2022
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Total Equity Funding
$22 M (USD)
in 2 rounds
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Latest Funding Round
$13.6 M (USD), Series B
Sep 19, 2018
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Investors
Honeywell
& 7 more
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Employee Count
42
as on Apr 10, 2024
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Acquired by
View
(Jul 08, 2021)
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Funding Insights of Iotium
Iotium has successfully raised a total of $22M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $13.6 million completed in September 2018. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $13.6M
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First Round
First Round
(11 May 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series B - Iotium | Valuation | March Capital | |
| May, 2017 | Amount | Series A - Iotium | Valuation | General Electric , March Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Iotium
Iotium has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Honeywell, View and General Electric. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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US tech companies are invested in by JC2 Ventures.
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Founded Year | Domain | Location | |
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US tech companies are invested in by Hanna Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Iotium
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Iotium
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iotium Comparisons
Competitors of Iotium
Iotium 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 Cradlepoint, Platform9 Systems, Guardicore, Aeris and Electric Imp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based network infrastructure for IoT applications is provided.
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| domain | founded_year | HQ Location |
Container development and management platforms are provided for private clouds.
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| domain | founded_year | HQ Location |
Security solutions for cloud workloads and data centers are provided.
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| domain | founded_year | HQ Location |
Secure, scalable IoT solutions are provided for diverse industries.
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| domain | founded_year | HQ Location |
Connectivity through embedded hardware and software platform
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| domain | founded_year | HQ Location |
Platform for IoT deployments and network connectivity management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iotium
Frequently Asked Questions about Iotium
When was Iotium founded?
Iotium was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Iotium located?
Iotium is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Is Iotium a funded company?
Iotium is a funded company, having raised a total of $22M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8.4M, raised on May 11, 2017.
How many employees does Iotium have?
As of Apr 10, 2024, the latest employee count at Iotium is 42.
What is the annual revenue of Iotium?
Annual revenue of Iotium is $1.51M as on Mar 31, 2022.
What does Iotium do?
IoTium provides an IoT cloud-based solutions for network connectivity. Offers OT-Net that provides connectivity management solutions using ioTiums Network Infrastructure offered as-a-Service for connecting different assets using different protocols to any application residing in any cloud or data center. Also offers OT-Access, which is a remote access management infrastructure and OT-Edge, which is built on remotely-managed Kubernetes, ioTiums Edge-Cloud Infrastructure enables one-click remote deployment and management of containerized applications. Has use case in building automation, oil gas, power and utilities, manufacturing, healthcare, and smart cities applications.
Who are the top competitors of Iotium?
Iotium's top competitors include Cradlepoint, Platform9 Systems and Hologram.
Who are Iotium's investors?
Iotium has 8 investors. Key investors include Honeywell, View, General Electric, Juniper Networks, and Hanna Capital.
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