IOTA Software Inc., developer of industrial and business data visualization software, has secured $10.4 million 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 from Altira Group will join IOTA’s board.
IOTA’s enterprise-scale, cloud-native platform integrates critical and dynamic business and process information, supporting better decision-making across industries. The funding will be used to expand engineering, product, and customer success teams, as well as enhance technology infrastructure and marketing, positioning the company for further growth and global expansion.
The new funds will enable IOTA to continue developing its technology, helping industrial enterprises unify siloed data for improved asset performance.