IoTium raises $13.6 million in series B funding to push forward 'zero touch' for IIoT

IoTium, a Santa Clara-based software provider for the Industrial Internet of Things (IIoT), has raised $13.6 million in series B funding to help fuel market expansion in the US and abroad. The company, which provides a managed secure network infrastructure for the IIoT, has secured funding led by March Capital Partners, with Honeywell Ventures, JC2 Ventures, Hanna Ventures, GE Ventures and Jupiter Ventures also participating. The company's ethos is around 'zero touch' - in other words, the ability to scale to thousands of sites in hard to reach locations, such as sensors on an oil and gas pipeline. Regular readers of this publication will be aware of the company after its network as a service (NaaS) launch in May last year. As IoT News put it last year, deployment is solved from both a geographical and network perspective - "no more toing and froing between enterprise IT, operators and firewalls."

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Spotlight

Monitoring customer behavior at its outlets enabled this retailer to quantify the impact of customer interaction and to adjust processes to: Engage customers earlier Reduce customer attrition Improve productivity Increase sales Establish new KPIs

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