OTee develops a software-defined control platform that replaces traditional PLC hardware by running safety-critical control systems on open, off-the-shelf hardware. Its engineering platform is designed for designing, deploying, and managing virtual control systems using open architecture and standards, aiming to remove vendor lock-in and lower costs. The company positions itself against established PLC vendors by emphasizing openness and open integration. OTee targets energy, utilities, and manufacturing customers and plans to expand internationally using proceeds from its seed round. At the time of the raise it had 21 employees from 13 countries. The company raised €5.3 million in seed funding led by North Ventures to accelerate product development and market expansion.

Total raised

$8M

Funding rounds

2

Latest round

Seed

Latest activity

May 2026