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IOTech

Series B

IOTech develops an open edge data platform for industrial edge solutions, facilitating data accessibility, actionability, and manageability for industrial IoT applications. The platform offers connectivity, processing, and management capabilities, allowing users to connect to devices, acquire data, and securely share it with applications. It supports data processing services, edge application hosting, and automated…

High Tech · Edge Computing, · Newcastle Upon Tyne, United Kingdom · EST 2010

About

IOTech develops an open edge data platform for industrial edge solutions, facilitating data accessibility, actionability, and manageability for industrial IoT applications. The platform offers connectivity, processing, and management capabilities, allowing users to connect to devices, acquire data, and securely share it with applications. It supports data processing services, edge application hosting, and automated management of edge nodes and applications across distributed deployments. Founded in 2010 and headquartered in Newcastle Upon Tyne, United Kingdom, IOTech has raised approximately $20.8M in Series B funding from investors including Dell Technologies Capital, The Scottish National Investment Bank, Scottish Investment Bank, Northstar Ventures, and Future Fund. The company's open-source edge computing platform, based on the EdgeX Foundry project, enables industrial organizations to deploy and manage edge computing infrastructure for manufacturing, energy, and transportation applications with vendor-neutral interoperability.

Business model

Internet of Things Infrastructure > IoT Platforms > Analytics Platforms > Fog Computing,

Edge Computing > Edge Computing Stack > Software Suite

Institutional investors

Dell Technologies CapitalSPDG VenturesNorthstar VenturesThe Scottish National Investment BankScottish Investment BankEuropaGovFuture FundScottish EnterpriseSteve OsseltonAndrew FosterEdward Scott

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