Deeptech IoT startup DATOMS raises Rs 25 Cr in Series A led by Big Capital JSC

Indian industrial deeptech IoT startup DATOMS has raised Rs 25 crore (around $2.76 million) in a Series A funding round led by Big Capital JSC. The round also saw participation from IvyCap Ventures and follow-on investment from YourNest Venture Capital.

Entrackr had exclusively reported the current round this month. Previously, the startup had raised$1.2 million led by Yournest VC in October 2023.

As per Entrackr’s estimates, the company will be valued at around Rs 110 crore ($12.18 million) on a post-money basis.

The proceeds will be used to strengthen product and technology, expand into new markets and hire across engineering, data science and enterprise sales. The firm will also enhance its AI-driven predictive maintenance and energy management capabilities.

Founded in 2021 by Amiya Samantaray, Asish Sahoo, Nataraj Sahoo and Amrit Biswal, DATOMS builds an industrial IoT platform that connects physical machines and turns them into trackable assets across their lifecycle. 

Its platform enables enterprises and OEMs to monitor performance in real time, predict failures, optimize energy usage and manage service operations.

DATOMS currently monitors over 25,000 machines across sectors including logistics, healthcare, manufacturing, cement, steel and mining. It plans to scale this to 1 lakh machines within a year. The brand operates from Bhubaneswar and Bengaluru and serves more than 100 customers globally.

For the fiscal year ended March 2025 (FY25), Datoms reported operating revenue of Rs 5.57 crore, compared to Rs 3.09 crore in FY24. The company’s losses widened to Rs 5.82 crore in FY25 from Rs 4.38 crore in the previous fiscal year.