What is ioTium?
Neeve, formerly known as ioTium, provides a unified, cloud-managed platform designed to secure and optimize building operations. The company's core value proposition lies in its ability to deploy smart applications across disparate operational technology systems, effectively transforming traditional physical spaces into intelligent, data-driven environments. Through its suite of products—including Secure Link, Secure Edge, and Cloud BMS—Neeve addresses the urgent need for cyber-resilience in sectors ranging from healthcare to commercial real estate. By centralizing the management of building infrastructure, the platform enables stakeholders to achieve greater operational efficiency while maintaining a rigorous security posture in an era of increasing digital connectivity.
How much funding has ioTium raised?
ioTium has raised a total of $23.1M across 4 funding rounds:
Series A
$8.4M
Series B
$13.6M
Debt
$350K
Debt
$750K
Series A (2017): $8.4M with participation from Juniper Networks, GE Ventures, and March Capital Partners
Series B (2018): $13.6M led by March Capital Partners, JC2 Ventures, Juniper Ventures, Honeywell Ventures, Hanna Ventures, and GE Ventures
Debt (2020): $350K supported by PPP
Debt (2021): $750K featuring PPP
Key Investors in ioTium
March Capital Partners
March Capital is a growth-stage venture firm that specializes in investing in enterprise technology companies with established product-market fit, aiming to scale them into mission-critical global platforms.
JC2 Ventures
JC2 Ventures is a purpose-driven venture firm founded by John Chambers, dedicated to assisting global startups in scaling and delivering innovative digital solutions to transform markets.
Juniper Networks
Juniper Networks is a prominent technology company specializing in high-performance networking and cybersecurity solutions, focusing on automation and AI-driven operations for modern digital environments.
What's next for ioTium?
Looking ahead, the strategic deployment of $750K will likely focus on expanding the company's footprint in the global smart building market. As the industry shifts toward autonomous, AI-driven facility management, Neeve is poised to capitalize on the growing demand for secure, scalable infrastructure. The company's roadmap suggests a continued emphasis on deepening its integration capabilities, allowing for seamless interoperability between legacy building systems and modern cloud-based applications. With strong backing from institutional investors, the firm is expected to prioritize product innovation and market penetration, solidifying its role as a foundational layer in the future of smart, secure, and sustainable infrastructure.
See full ioTium company page
