IoTium
Simplifies establishing and managing secure network infrastructure for Industrial IoT.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
$13.6m | Series B | ||
| Total Funding | 000k | ||
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ioTium operates in the Industrial Internet of Things (IIoT) sector, providing secure edge cloud infrastructure solutions. The company serves industrial enterprises looking to digitize and modernize their legacy systems while ensuring robust security measures. ioTium's core product is a software-defined converged infrastructure that allows IT and OT teams to manage and monitor vendor access across all assets, reducing the risk of security breaches. The business model is primarily B2B, targeting industries such as manufacturing, real estate, and utilities. Revenue is generated through the sale of its software solutions and associated services, including implementation and ongoing support. ioTium's market is characterized by a growing demand for secure, scalable, and easily deployable IIoT solutions. The company has been recognized by Gartner as a 'Cool Vendor' for Edge Management in 2018, highlighting its innovative approach to edge computing and security.
Keywords: IIoT, edge cloud, digital transformation, legacy systems, vendor access control, industrial enterprises, software-defined infrastructure, security breaches, B2B, Gartner recognition.