Deeptech IoT Startup Datoms Secures $1.2 Million in Funding to Drive Expansion

Deeptech IoT (Internet of Things) startup Datoms has successfully raised $1.2 million in a recent funding round led by Yournest Venture Capital, underlining its potential in the connected operations space. The company, launched in 2021, is making waves in the industry by enabling sectors such as construction, warehousing, agriculture, mining, and ports to enhance efficiency and automate various processes, particularly around asset maintenance and activity planning.

This recent funding injection will play a pivotal role in Datoms’ growth strategy. The company’s plans include strengthening its product offerings, creating diverse use cases in the construction warehousing sector, expanding its in-house AI/ML capabilities, and establishing a more significant market presence across India and the Middle East.

Amiya Samantaray, CEO and co-founder of Datoms, emphasized the company’s rapid growth, currently advancing at a remarkable 15% rate month on month. Datoms is positioning itself as a significant player in the future of connected operations, providing opportunities for enterprises and equipment manufacturers to embrace digital transformation within the distributed asset industry.

Datoms’ connected operations cloud is central to its approach, consolidating people, processes, and machine operations onto a single, streamlined platform. Notable early backers include Ridik Capital and angel investors with backgrounds in leading companies like Mind-tickle and Tazapay. The company’s clientele already boasts prominent names such as Mahindra & Mahindra and Tata Motors, underscoring the value and scalability of Datoms’ solutions.

Datoms’ strategic vision and strong momentum in the IoT operations domain have earned it the recognition and support of investors, making it a promising contender in the connected operations landscape.

That’s incredible news! Deeptech IoT startup Datoms has recently secured an impressive amount of $1.2 Million in funding, propelling them to become a major player in the tech world. Sending my best wishes to the Datoms team! 

~ Dr Shishir Gupta founder & CEO of StartupLanes 

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