Deeptech IoT startup DATOMS raises Rs 25 Cr Series A funding from Big Capital JSC
Big Capital JSC is leading a Series A funding round for DATOMS, an Indian industrial deeptech IoT startup that has raised Rs 25 crore, or about $2.76 million. Additionally, YourNest Venture Capital made a follow-on investment and IvyCap Ventures participated in the round.
In October 2023, the startup raised $1.2 million under the leadership of Yournest VC.
According to media projections, the company’s post-money value will be approximately Rs 110 crore ($12.18 million).
The money raised will be utilized to hire people in engineering, data science, and enterprise sales, improve the product and technology, and enter new markets. The company will also improve its energy management and AI-powered predictive maintenance capabilities.
DATOMS is an industrial IoT platform that links physical machines and transforms them into trackable assets throughout their lifecycle. It was founded in 2021 by Amiya Samantaray, Asish Sahoo, Nataraj Sahoo, and Amrit Biswal.
Businesses and OEMs can use its platform to manage service operations, forecast failures, optimize energy use, and track performance in real time.
Over 25,000 machines are currently monitored by DATOMS in a variety of industries, including manufacturing, cement, steel, mining, logistics, and healthcare. Within a year, it intends to scale this to one lakh machines. The company serves over 100 clients worldwide and is based in Bengaluru and Bhubaneswar.
Datoms reported operating revenue of Rs 5.57 crore for the fiscal year that ended in March 2025 (FY25), up from Rs 3.09 crore for FY24. In FY25, the company’s losses increased from Rs 4.38 crore in the previous fiscal year to Rs 5.82 crore.
