PE-VC Fund Investments
IoT-communication network platform Comminent raises $2-M from Transition VC
Bengaluru-based IoT solutions-focused deep-tech startup Comminent has raised USD 2 million (INR 17.5 crore) from Transition VC.The company will deploy the fresh proceeds to ramp up hiring, strengthen its manufacturing automation and build inventory. The funding will also enable the startup to roll out its offerings in smart city applications such as smart lighting, water metering, and intelligent infrastructure management.Founded in 2018 by Amarjeet Kumar and Vikas Kashyap, Comminent is building device-agnostic IoT communications network infrastructure for smart metering, smart lighting, water metering, and intelligent infrastructure management.
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