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.


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