IOTA’s VUE Platform Poised to Transform How Businesses See and Utilize Production Data
IOTA Software Inc., a company leading the charge in industrial and business data visualization, has secured a significant investment of $10.4 million in Series A2 funding. This round, led by the Altira Group with participation from established investors like Aramco Ventures and Oxy Technology Ventures, fuels IOTA’s continued growth and positions its innovative VUE platform as a game-changer in the data visualization landscape.
Unlocking the Power of Production Data with VUE
IOTA’s VUE software is an enterprise-grade, cloud-based platform designed to empower businesses with unprecedented access and control over their critical data. Breaking down data silos, VUE provides a unified and visual environment for executives, production managers, and operators alike. This centralized hub empowers data-driven decision-making by offering crucial insights essential for performance optimization.
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Investment Fuels Growth and Innovation
This latest funding round will be strategically utilized to expand IOTA’s core teams across engineering, product development, and customer success. Additionally, investments will be made in bolstering the company’s technology infrastructure and marketing efforts. This multi-pronged approach empowers IOTA to accelerate its technological advancements, solidify its global presence, and maintain its impressive growth trajectory.
Solidifying IOTA as the Situational Awareness Leader
“We are thrilled to secure this funding, which enables us to accelerate our growth and technology development,” says Ivan Datskov, CEO of IOTA Software. “Our platform already empowers businesses across various industries to make informed decisions, and we’re excited to extend this positive impact to even more organizations.”
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The investment reinforces IOTA’s position as a frontrunner in data visualization. “IOTA Software gives industrial enterprises the ability to bring together siloed data in control rooms and remote operating centers,” explains J.P. Bauman of Altira Group. “This single-pane-of-glass view empowers improved asset performance.”
Industry Leaders Endorse IOTA’s VUE Platform
The revolutionary nature of VUE resonates with industry leaders. Trey Lowe, Chief Technology Officer at Devon Energy, states, “Their VUE software is revolutionizing how we interact with production data. The intuitive interface and analytics capabilities will enhance decision-making across all our operating areas.”
About Altira Group
Altira Group, a Denver-based venture capital firm, boasts a 27-year history of funding advanced technology solutions within the energy and industrial value chain. They leverage their industry expertise to empower the next generation of technologies, driving innovation across various sectors.
About IOTA Software Inc.
IOTA Software is a leading provider of data visualization solutions that bridge the gap between people, assets, and manufacturing processes. Their scalable platform grants easy access to vital process data, fuels performance optimization, and fosters data-driven decision-making. IOTA’s platform serves as a central hub for both short-term and long-term improvements, delivering situational awareness capabilities valued by users across diverse industries like pharmaceuticals, energy, chemicals, utilities, green energy, and more.
IOTA Software is poised to revolutionize data visualization within the industrial landscape. With its innovative VUE platform and the backing of leading investors, IOTA is well on its way to empowering businesses with unprecedented control and insights into their valuable production data.
