7 years ago

IOTech Secures $2.5 Million in Seed Funding to Expand IoT Edge Platform

  • IOTech, a Newcastle Upon Tome, England, UK-based IoT edge platform company, secured $2.5m in seed funding from Dell Technologies Capital and Innovate UK

  • The company intends to use the funds to accelerate the development of its products and services, enhance support for its partner ecosystem, expand its local presence, and hire across all functional areas of the business

  • IOTech builds and deploys open and secure software edge platforms for the Industrial Internet of Things (IIoT)

  • Their first offer – Edge Xpert – supports the global EdgeX developer community and partner ecosystem by providing a vendor-neutral fully commercialized version of the EdgeX code base.

      • ProblemTechnology Infrastructure

      "Building and deploying secure software edge platforms for the Industrial Internet of Things (IIoT) is complex and time-consuming, leading to high costs and delays in bringing products to market."

      Solution

      "IOTech provides an open and secure software edge platform that simplifies IIoT development and deployment, reducing time to market and integration costs. It offers a vendor-neutral, fully commercialized version of the EdgeX code base, available on multiple hardware and operating systems, with regular software upgrades, support, and maintenance options."

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