What is IoT83?
IoT83 specializes in the development and management of custom Industrial Internet of Things (IIoT) applications through its Flex Platform. Tailored for industrial Original Equipment Manufacturers (OEMs), IoT83's solutions are engineered to boost operational efficiency. Key features include AI-driven Asset Performance Management, predictive maintenance capabilities, and real-time monitoring systems. The company serves a broad spectrum of clients, from CXOs to operations managers, by providing tools for rapid application development and seamless data orchestration, ensuring scalability and full data ownership.
How much funding has IoT83 raised?
IoT83 has raised a total of $87K across 1 funding round:
Debt
$87K
Debt (2021): $87K with participation from PPP
Key Investors in IoT83
PPP
Public-Private Partnership
What's next for IoT83?
With the recent influx of expansion capital, IoT83 is poised for significant advancements in its market presence. The substantial Series B/C stage funding suggests a strategic focus on scaling its IIoT platform, potentially expanding its engineering teams, and broadening its sales and marketing efforts. Future developments are likely to center on enhancing AI capabilities for predictive maintenance and asset management, further solidifying its position as a key player in the industrial automation and IoT solutions landscape. This investment will be critical in driving innovation and capturing a larger share of the IIoT market.
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