Funds for Unified Data Dashboard Firm IOTA

In Denver, CO, data viz developer IOTA Software has secured $10.4m in series A2 funding. The money will allow the company to further develop its technology, expand its teams and global reach, and continue rapid growth.

IOTA offers a scalable platform giving easy access to critical business and process data, together with insights for performance optimization - all in one place. Users include senior executives, production managers and operators.

The latest round was led by the Altira Group, with participation from Oxy Technology Ventures and existing investors, including Aramco Ventures and Second Avenue Partners. Altira partner J.P. Bauman will join IOTA's Board of Directors.

The company will look to expand its engineering, product and customer success teams, and to enhance its technology infrastructure and marketing efforts. CEO Ivan Datskov comments: 'Our platform already helps businesses across a wide range of industries make more informed decisions, and we are excited about the opportunity to positively impact even more organizations'.

Web site: www.iotasoft.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.