VC Fund Investments
IoT startup for OEMs Datoms raises $1.2 M led by YourNest VC
Bhubaneswar-based Datoms, an industrial deep tech IoT (Internet of Things) startup for Original Equipment Manufacturers (OEMs), has raised USD 1.2 million (INR 10 crore) in a pre-Series A funding round led by YourNest Venture Capital. Launched in 2021, Datoms is owned and operated by Phoenix Robotix Pvt Ltd, co-founded by Amiya Samantaray, Nataraj Sahoo, Amrit Biswal, and Asish Sahoo. The startup works in sectors such as construction, warehousing, agriculture, mining, and ports to help firms achieve higher efficiency by automation in asset management and activity planning. The company plans to use the funds to strengthen its product offerings in construction warehousing, enhance in-house AI/ML capabilities, and expand the reach across India and the Middle East.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
