DeepTech IoT startup Datoms raises $1.2 Mn led by Yournest VC

Indian industrial deeptech IoT (Internet of Things) startup for OEMs Datoms has raised $1.2 million (about Rs 10 crore) in a pre-Series A round led by Yournest Venture Capital. 

The funding will help in strengthen its product offering.

Co-founded by Amiya Samantaray, Nataraj Sahoo, Amrit Biswal, and  Asish Sahoo, the Bhubaneswar-based startup has developed a connected operations cloud that consolidates people, processes, and machine operations onto a single platform. 

The platform enables human-capital heavy sectors, such as construction, warehousing, agriculture, mining, and ports, to achieve higher efficiency and automate various processes related to asset maintenance and activity planning.

The startup counts Ridik Capital PTE Ltd and angel investors Mohit Garg (founder of Mind-tickle and Oloid AI), Saroj Mishra (co-founder Tazapay and Bayfront Capital Advisors), and Prateek Gera, as its early backers. 

With offices in Bhubaneswar and Bengaluru, Datoms currently works with over 100 customers globally.