Bytebeam, a Bengaluru, India-based B2B startup which focuses on simplifying Internet of Things (IoT) products, raised $3 million in Seed funding from Together Fund, Accel, and STRIVE VC.
The round also saw participation from AdvantEdge VC backed by the Motherson Group, Phanindra Sama, founder of redBus; Tanmai Gopal, co-founder of Hasura; Vimal Kumar, founder of Juspay; Mekin Maheshwari, former CPO at Flipkart; Deepak Anchala, founder of Slintel; Aakrit Vaish, founder of Jio Haptik, among other angel investors.
The funds will be used to build technical expertise, evolve the platform offering and establish a business with reach across verticals including electric mobility, agritech, dronetech, and smart appliances
Company: IoTExpress Technologies Pvt Limited
Round: Seed Round
Funding Month: May 2022
Lead Investors: Together Fund, Accel, and STRIVE VC
Additional Investors: AdvantEdge VC, Phanindra Sama, Tanmai Gopal, Vimal Kumar, Mekin Maheshwari, Deepak Anchala, and Aakrit Vaish
Company Website: https://bytebeam.io/
Software Category: IoT applications
About the Company: Founded in 2019 by Gautam BT, Ravi Teja K, and Bharadwaaj Ramakrishnan, Bytebeam is an IoT platform providing solutions such as over-the-air updates, and devices to mobile sync, data visualization, and alerting. Bytebeam allows companies to manage all their IoT requirements on a single platform. The platform allows for customizable dashboards to generate data analytics and insights. Bytebeam also facilitates data sync between devices and mobile applications via its mobile SDKs. The platform comes bundled with security and privacy features, including data encryption at the device level and role-based access control to prevent unauthorized access. Bytebeam is currently used by companies across new age high tech sectors & technology like Electric Vehicles, batteries, Industrial IoT, Ocean tech, fintech, etc.