IOTA Software, a Denver, CO-based developer of industrial and business data visualization software, raised $10.4M in Series A2 funding.
The round was led by Altira Group with participation from Oxy Technology Ventures and existing investors, including Aramco Ventures and Second Avenue Partners. J.P. Bauman, Partner at Altira Group, will join its Board of Directors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Ivan Datskov, IOTA offers an enterprise-scale, cloud-native visualization platform that provides access to all sources of critical and dynamic business and process information. It empowers executives, production managers, and operators with a visual and unified environment, supporting them with the insights essential for performance optimization and data-driven decision-making.
The platform delivers situational awareness capabilities that appeal to a wide range of users across the pharmaceutical, energy, chemical, utility, green energy, and other industries.