Pune Based IoT Startup, Altizon Raises $4 Million In Series A Led By Wipro

Company Name : Altizon
Funding Amount : $4 million
Investor(s) Wipro Lumis Partners. The Hive. Infuse Ventures
Funding Round : Series A


Altizon Systems has raised $4 million in Series A funding from Wipro, Lumis Partners, the Hive and Infuse Ventures.

Wipro invested Rs 9. 78 crore in the Pune based startup and acquired a minority stake. The transaction will be completed by February 10th.

The raised funds will be used for sales and marketing in both India and international markets.

Altizon, a big data and IoT startup earned revenues of around Rs 30-40 lakhs in 2014-15 financial year.

[source]

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2 comments
  1. Please try to link the site in question at-least once in the post … preferably in the beginning somewhere …. would be good journalism … (Even if not that good for SEO :P)

  2. …. and also find some better, high quality shots than just quick screen shots of the home page ….. Look at articles from, say, Techcrunch ….

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