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Datoms, DeepTech IoT Start-Up, Raises $1.2 Million Led By Yournest VC

Datoms has developed a connected operations cloud that consolidates people, processes, and machine operations onto a single platform

Datoms, DeepTech IoT Start-Up, Raises $1.2 Million Led By Yournest VC
POSTED ON October 26, 2023 11:22 AM

Datoms, a start-up specialising in industrial technology and the Internet of Things (IoT) has raised $1.2 million in funding from investors, with Yournest Venture Capital leading the way. Datoms was founded in 2021 by Amiya Samantaray, Nataraj Sahoo, Amrit Biswal, and Asish Sahoo, and it operates under the brand Phoenix Robotix Pvt Ltd. 

The company is based in Bhubaneswar and has created a system called a connected operations cloud. This system brings together people, processes, and machine operations onto one platform. The start-up has received support from early investors such as RidikCapital PTE Ltd and angel investors like Mohit Garg (the founder of Mind-tickle and Oloid AI), Saroj Mishra (Co-founder of Tazapay and Bayfront Capital Advisors), and Prateek Gera.   

Datoms' platform is designed to help industries that rely heavily on human labor, such as construction, warehousing, agriculture, mining, and ports. It makes these industries more efficient and automates various tasks related to maintaining equipment and planning activities. 

With its solution, businesses can save money on fuel, manage both stationary and mobile machines more effectively, simplify compliance requirements, and improve communication among different groups involved in the operations.

On the fundraiser, Datoms’ co-founder and CEO, Amiya Samantaray, said, “ Growing at a 15 per cent rate month on month, Datoms is building the future of connected operations from India for the world. The funding will strengthen our product offering and provide a massive opportunity for enterprises and equipment manufacturers in the distributed asset industry to ride the digitisation wave. We have so far connected over 5000 machines across sectors.”  

Sunil Goyal, founder and managing partner of Yournest VC, said, "Datoms has demonstrated deep insights in the domain of IoT Operations with a thorough understanding of the business challenges its stakeholders face." 

The start-up said in its statement that the fund will be used to strengthen the product offerings to build various use cases in the construction warehousing industry and will focus on enhancing in-house AI/ML capabilities and market expansion across India and the Middle East.

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