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Exclusive: Deeptech IoT startup Datoms to raise Rs 25 Cr in Series A

EntrackrEntrackr · 12d ago
Exclusive: Deeptech IoT startup Datoms to raise Rs 25 Cr in Series A
Medial

Snippets Exclusive: Deeptech IoT startup Datoms to raise Rs 25 Cr in Series A Datoms is raising $2.77 million (approximately Rs 25 crore) in a Series A funding round led by BIG Global Investments JSC, with participation from existing investors YourNest Innovative Products VC Fund and IvyCap Ventures. Datoms has passed a special resolution to issue 58,349 Series A compulsorily convertible preference shares (CCPS) and two equity shares at an issue price of Rs 4,274 per share, aggregating to a total fundraise of Rs 25 crore, according to regulatory filings accessed from the Registrar of Companies (RoC). BIG Global Investments JSC will lead the round with an investment of Rs 15 crore, followed by YourNest Innovative Products VC Fund with Rs 6 crore and IvyCap Ventures with Rs 4 crore, taking the total round size to Rs 25 crore. As per Entrackr’s estimates, the company will be valued at around Rs 110 crore ($12.18 million) on a post-money basis. The fresh capital will be used to support growth and expansion, meet operational requirements, and fund general corporate purposes. Previously, the startup had raised $1.2 million led by Yournest VC in October 2023. Co-founded by Amiya Samantaray, Nataraj Sahoo, Amrit Biswal, and Asish Sahoo, Datoms is a Bhubaneswar-based deeptech startup building a connected operations cloud that unifies people, processes, and machines on a single platform. Its industrial IoT solutions help sectors such as construction, warehousing, agriculture, mining, and ports improve efficiency, automate workflows, and optimise asset management. Following the Series A round, BIG Global Investments JSC will hold a 12.00% stake in Datoms, while YourNest Innovative Products VC Fund and IvyCap Ventures will hold 14.74% and 3.20% stakes, respectively. For the fiscal year ended March 2025 (FY25), Datoms reported operating revenue of Rs 5.57 crore, up from 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.

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

EntrackrEntrackr · 1d ago
Deeptech IoT startup DATOMS raises Rs 25 Cr in Series A led by Big Capital JSC
Medial

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.

Deeptech IoT start-up Datoms raises $1.2 million led by Yournest VC

Business TodayBusiness Today · 2y ago
Deeptech IoT start-up Datoms raises $1.2 million led by Yournest VC
Medial

Indian industrial deeptech IoT start-up Datoms has raised $1.2 million in a pre-Series A funding round led by Yournest Venture Capital. The Bhubaneswar-based company has developed a connected operations cloud platform that consolidates people, processes, and machine operations. Datoms plans to use the funding to enhance its product offerings, strengthen AI/ML capabilities, and expand its market presence in India and the Middle East. The platform enables sectors such as construction, warehousing, agriculture, mining, and ports to achieve higher efficiency and automate processes. Datoms aims to disrupt the $600 billion global connected machine market and has already connected over 5,000 machines with clients including Mahindra & Mahindra and Tata Motors.

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