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