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TVS Motors leads $7 Mn round in industrial IoT platform Altizon


Pune based industrial IoT platform Altizon has raised $7 million in Series A round led by Singapore subsidiary of TVS motor company ( Singapore) Pte. Limited.

The automobile manufacturer has invested $2.5 million in Altizon in exchange for a 14.4% stake. This is amongst the TVS group’s first set of investments in IoT startups. Altizon’s existing investors, Wipro ventures, The Hive and Lumis Partners also participated in the funding round. (Source)

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