DATOMS, a prominent industrial Internet of Things (IoT) startup, has successfully raised ₹25 crore (approximately $2.76 million) in its Series A funding round.
This significant capital injection was led by Vietnam-based investment firm Big Capital JSC, with active participation from IvyCap Ventures and follow-on capital from YourNest Venture Capital. This funding milestone marks a pivotal moment for the Bhubaneswar and Bengaluru-based company as it seeks to redefine how asset-intensive industries manage their distributed infrastructure.
The fresh capital is earmarked for aggressive expansion and technological advancement. DATOMS plans to utilize the funds to strengthen its core product offerings, specifically focusing on enhancing its AI and analytics capabilities. By building more robust automation features and accelerating the development of predictive maintenance, performance optimization, and energy management solutions, the company aims to help enterprises transition from reactive to proactive operational models.
Founded in 2021 by NIT Rourkela alumni Amiya Samantaray, Asish Sahoo, Nataraj Sahoo, and Amrit Biswal, DATOMS addresses a critical pain point in industrial operations: fragmented machine data. In traditional setups, data is often scattered across various stakeholders—Original Equipment Manufacturers (OEMs), service providers, and financiers—leading to delayed maintenance and operational blind spots.
The DATOMS platform provides a “unified intelligence layer” that connects physical machines to a single operating view. This allows real-time monitoring of equipment performance, prediction of potential breakdowns, and streamlining of service operations. Currently, the platform is deployed in diverse environments, including:
- Quick Commerce & Logistics: Monitoring dark stores and warehouses.
- Healthcare: Managing critical environments like MRI and CT scan rooms.
- Heavy Industry: Supporting plants in the cement, steel, mining, and manufacturing sectors.
With more than 100 customers globally, DATOMS has reported a doubling of its revenue over the past year. The company currently monitors over 25,000 machines and has set an ambitious target to scale this number to 100,000 within the next year.
Amiya Samantaray, Founder and CEO of DATOMS, emphasized that the next decade belongs to “intelligent machines.” The startup is positioning itself at the intersection of industrial IoT, energy technology, and enterprise software, targeting a global market for connected machines estimated at $18 billion. Over the next three years, the company intends to deepen its domestic footprint in India while pursuing strategic international growth to become a global leader in operational intelligence.
Key Highlights:
- Funding Milestone: DATOMS raised ₹25 crore in a Series A round led by Big Capital JSC, with support from IvyCap Ventures and YourNest.
- Strategic Expansion: The funds will be used to enhance AI-driven predictive maintenance and scale operations across international markets.
- Growth Trajectory: The startup has doubled its revenue in the past year and aims to increase its monitored asset base from 25,000 to 100,000 machines.
- Industry Impact: The platform reduces operational downtime and energy consumption for sectors like manufacturing, logistics, and healthcare.