Altizon implemented its proprietary smart IoT-enabled manufacturing intelligence solution, Datonis MInt to find the sources of the quality degradation problem for the manufacturing company. The IoT solution can process the machine and its historical performance data, and establish a correlation between machine settings and production output. The insights offered by the Datonis MInt gave the manufacturing company’s QA team the ability to monitor critical machine settings parameters, ascertain whether they are in statistical control, and eventually correlate the process and machine data to identify two critical parameters (pressure and tension) that were causing the problem. Based on this insight, a prescriptive quality model was built that aimed to change the machine configuration for every new order. The manufacturing intelligence helped the company in achieving predictable quality goods.
At present, the company is helping drive digital transformation of a leading consumer packaged goods (CPG) company in 11 plants across the globe. ALtizon is also assisting a leading tire manufacturer in determining significant savings on the usage of consumables at a leading tire manufacturer. With a global footprint of over 100 enterprise users, Altizon plans to continue offering its services to help enterprises accelerate smart manufacturing initiatives, modernize asset performance management services, and launch new business models for service delivery, among other processes. Altizon’s proven technology is being used in many industries, including the automotive, steel, chemical, energy and fast-moving consumer goods (FMCG) markets.
Right now we have reached the critical point where manufacturers need to either embrace the digital transformation or face the possibility of becoming obsolete
Pune-based industrial Internet of Things (IoT) company, Altizon has raised a Series A funding of $7Mn from Singapore-based subsidiary of automobile manufacturer TVS Motors. Other existing investors such as The Hive, Wipro Ventures, and Lumis Partners also participated in the round.
Altizon plans to use the funds to strengthen its international presence and continue its investments in intellectual property (IP) development. Altizon’s Datonis Industrial IoT platform is used in a range of applications from intelligent edge computing to business applications for smart manufacturing.
“We have a strong roster of global industrial majors as our customers and they can now gain further benefit from our global footprints and enhanced technology offerings, with the on-boarding of multi-billion dollar TVS Group,” said Vinay Nathan, CEO of Altizon.
Altizon was founded by Ranjit Nair, Vinay Nathan, and Yogesh Kulkarni in 2013. The company helps enterprises use machine data to drive business decisions with a view to enable digital transformation by accelerating smart manufacturing initiatives, modernising asset performance management, and adopting new business models for service delivery.
The company claims to have built a global ecosystem of over 100 enterprises. Altizon operates in Western Europe, Asia Pacific, and the United States.
Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore) said in a media statement, “After detailed assessments around industrial IOT platforms we found Altizon’s technology portfolio of definitive value in driving digital transformation with Industrial IOT. This is amongst our first set of investments in digital start-ups focused on the Automotive and Fintech Industries”.
The funding comes three years after Alitzon’s last round in 2016, when the company raised $4 Mn from Wipro Ventures, the venture capital arm of Wipro, Lumis Partners, The Hive and Infuse Ventures.
In late 2018, a Chennai-based IoT startup DeTect Technologies had raised $3.3 Mnfrom SAIF Partners, Bharat Innovation Fund, Axilor Ventures, and others.
Prior to this, Indian hospitality brand OYO Rooms has made its foray into IoT space with the acquisition of Mumbai-based IoT (Internet of Things) technology company AblePlus.
Altizon was a part of Inc42’s 42Next list released as a part of the flagship annual report, ‘The State Of Indian Startup Ecosystem 2018’.
Scotts Valley, CA: Aeris, a provider of Internet of Things (IoT) technology to enterprises and Altizon, a global IIoT (Industrial IoT) platform company announced a strategic partnership integrating Altizon’s machine learning and IoT Edge technologies and Aeris’ IoT Services platform.
Aeris offers end-to-end IoT and machine-to-machine (M2M) solutions and services for the automobile, insurance, healthcare, utilities, and manufacturing industries. Its comprehensive Aeris Mobility IoT Platform (AMP) helps enterprises enhance revenue, create new services and business models. Aeris allows enterprises to evangelize and embark on their digital transformation journey across a portfolio of business solutions.
With a global footprint of more than 100 enterprise users, Altizon is a leading Industrial IoT platform provider recognized by Gartner in its Magic Quadrant for IIoT Platforms and by other leading analyst firms including Gartner Magic Quadrant, Forrester Research, Frost & Sullivan, VDC Research, BCG, and MachNation.
Altizon’s proven technology helps enterprises accelerate their Smart Manufacturing initiatives, modernize Asset Performance Management services and launch new business models for service delivery, among other processes. Altizon’s proven technology is successfully being used in a number of industries, including the automotive, tire, steel, chemical, energy and Fast-Moving Consumer Goods (FMCG) markets.
“Our partnership with Altizon enables us to expand upon our offering to our manufacturing clients with end-to-end solutions that transform their factories into a smart manufacturing facility,” said Dr. Rishi Mohan Bhatnagar, President – Aeris India.
“Through the complementary integration of our Aeris IoT Service Platform and Altizon’s Datonis Industrial IoT Technology Platform, we now have the capability to deliver comprehensive and distinct IoT solutions for the complete manufacturing value chain. Our partnership clearly brings a measurable competitive advantage to our customers,” added Dr. Bhatnagar.
“With the IoT technology, talent, experience, and expertise on the Altizon and Aeris teams, we fully expect to deliver best-in-class IoT solutions that not only improve but digitally transform, our customers’ businesses like never before. We are proud to be partnering with Aeris to help customers take advantage of the power of IoT to create new revenue streams and service opportunities while building customer engagement and loyalty,” said Vinay Nathan, CEO & Co-founder, Altizon.