ioTium is a Santa Clara, Calif.-based provider of cloud-enabled Software-Defined Converged Infrastructure for industrial IoT (IIoT) deployments. Led by founder and CEO Ron Victor, the company offers OT-Net, OT-Access and the OT-Edge converged infrastructure solution to enable secure, scalable connections between machines and applications. Its platform ensures any machine using any protocol can be connected to any application in any cloud or data center through any network while reducing deployment complexity and minimizing network security risks. ioTium's products are deployed in building automation, energy, oil and gas, and manufacturing organizations, including Fortune 500 customers. The company raised a $13.6M Series B, bringing total funding to $22M, and plans to use the proceeds to accelerate technology development at its Chicago and Houston locations. ioTium is expanding its market presence in the U.S. and internationally, planning offices on the U.S. East Coast as well as in Canada, Europe and Australia. IoTium provides secure network infrastructure for the Industrial Internet of Things (IIoT) through a patented Network as a Service (NaaS) solution. Its technology securely connects legacy onsite systems to cloud-based applications for building and industrial automation, manufacturing, oil & gas, transportation and smart city industries. Led by founder and CEO Ron Victor, the company targets building and industrial automation verticals while serving multiple industrial markets. IoTium plans to use new capital to accelerate its building and industrial automation efforts and to expand its presence in oil & gas, transportation and smart city markets. The company closed an $8.39M Series A round to fund these initiatives. Its NaaS offering is central to its product strategy for connecting legacy systems to cloud applications.

Total raised

$22M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2018