VC Fund Investments
IoT startup ByteBeam raises $3-M
Bytebeam, a Bangalore-headquartered company that focuses on simplifying IoT product management, has raised a seed round of USD 3 million from Together Fund, Accel India and STRIVE VC. The round also saw participation from AdvantEdge VC; Phanindra Sama, Founder of Redbus; Tanmai Gopal, Co-founder of Hasura; Vimal Kumar, Founder of Juspay; Mekin Maheshwari, Ex-CPO at Flipkart; Deepak Anchala, Founder of Slintel; Aakrit Vaish, Founder of Jio Haptik; and other angel investors. The funds raised will be deployed towards building technical expertise in the team, evolving the platform offering and establishing a business with reach across verticals like Electric mobility, agri tech, drone tech, smart appliances and more. Bytebeam had earlier raised USD 250,000 in pre-seed from Accel India via the Atoms program.
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