Axilor Ventures and Mela Ventures have contributed $1.2 million to Doppelio, a provider of an IoT test automation platform.
The money will be used for the product and go-to-market, according to Doppelio.
Gaurav Johri, Sharmila Saha, and Rajesh Kathirvelu founded Doppelio in 2019 to make it possible to test Internet of Things applications without the need for physical hardware. Its clients can test thoroughly quickly and rely less on field trials thanks to its capabilities for device virtualization, simulation, and test automation.
Companies can test a variety of functionalities with Doppelio, such as FOTA, remote command and control, and performance testing with up to a million devices.
The business is primarily concerned with sectors like automotive, industrial engineering, manufacturing, and connected products.
Across industries, including supply chain/B2B commerce, enterprise SaaS, healthtech, agritech, FinTech, and consumer internet, Axilor Ventures makes early-stage investments in startups. Wiz, Locofast, CapGrid, QuickShift, Prolance, GoodHome, and Metalbook are just a few of the companies in its portfolio.
Mela Ventures, which was founded by NS Parthasarathy and Krishnakumar Natarajan, offers investment, strategy, innovation, research, networking, and other mentorships to startups and the next generation of business owners.