Tech Company Financing Transactions
IOTA Software Funding Round
Altira Group, Aramco Ventures and Oxy Low Carbon Ventures invested in a $10.4 million Series A venture round for IOTA Software. This VC investment round was announced on 11/4/2024.
Transaction Overview
Company Name
Announced On
11/4/2024
Transaction Type
Venture Equity
Amount
$10,400,000
Round
Series A
Investors
Altira Group (Lead Investor) (J.P. Bauman)
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
600 Park Office Drive, PMB 159 300
Durham, NC 27709
USA
Durham, NC 27709
USA
Phone
Undisclosed
Website
Email Address
Overview
The IOTA team has extensive experience in the industrial process manufacturing sector, with over 75 years of combined experience in advanced analytics capabilities. We understand the unique needs and requirements of business users in this sector. Using our first-hand knowledge and expertise, we have leveraged industry systems and tools to develop a software solution that meets your needs as industrial process manufacturers. Our team is committed to providing the best possible experience for our customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ivan Datskov
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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