Datoms Secures $2.77M Series A for Industrial IoT Growth

BANGALORE | MUMBAI | NEW DELHI — Indian deeptech startup Datoms, a Bangalore-linked industrial IoT and automation platform, announced the successful closure of a $2.77 million Series A funding round led by BIG Global Investments JSC, with participation from YourNest Innovative Products VC Fund and IvyCap Ventures. This significant capital infusion reflects sustained Venture Capital interest in industrial automation and IoT solutions within emerging markets.

As institutional investors continue to broaden exposure in the Startup Ecosystem, Datoms plans to deploy the fresh capital toward product refinement, market expansion and strengthening its go-to-market capabilities. The round underscores growing investor confidence in India’s industrial technology sector and highlights the increasing role of Series A Funding in scaling deeptech ventures.

Early-Stage Momentum (Seed Rounds)

While the headline news centers on Datoms’ Series A, it helps to contextualize this within the broader seed and pre-Series A momentum of the industrial automation space:

• Datoms’ Prior Funding: Before the current round, Datoms raised $1.2 million in a pre-Series A led by YourNest Venture Capital in October 2023, aimed at enhancing AI/ML capabilities and expanding its connected operations cloud offering.

This progression from seed capital to growth funding typifies how Venture Capital is increasingly backing startups that combine AI-driven automation with industrial efficiency solutions, particularly in emerging markets such as India.

Growth & Expansion (Series A)

Datoms – $2.77M Series A (Industrial IoT & Automation)

Datoms has raised approximately $2.77 million (₹25 crore) in a Series A Funding round led by BIG Global Investments JSC, with participation from existing investors YourNest Innovative Products VC Fund and IvyCap Ventures, according to regulatory filings.

• Lead Investor: BIG Global Investments JSC — ₹15 crore (~$1.66M)
• YourNest Innovative Products VC Fund: ₹6 crore (~$0.66M)
• IvyCap Ventures: ₹4 crore (~$0.44M)
• Post-Money Valuation: ~₹110 crore (~$12.18M)

Strategic Use of Capital: The fresh funds will support growth initiatives, expansion of commercial operations, and scaling product capabilities to serve sectors including construction, mining, agriculture, and logistics.

Company Profile: Founded by Amiya Samantaray, Nataraj Sahoo, Amrit Biswal, and Asish Sahoo, Datoms provides a connected operations cloud platform that unifies people, machines and workflows to enhance asset management and operational efficiency.

Performance Metrics: For the fiscal year ended March 2025, Datoms reported revenue rising to ₹5.57 crore from ₹3.09 crore in FY24, while losses widened as the company invests ahead of growth.

Sector Insight: The Industrial IoT segment is attracting investor interest because it addresses real-world inefficiencies in heavy industries through automation, predictive analytics, and connected infrastructure—critical capabilities as manufacturing and logistics operations digitize rapidly.

Strategic Consolidation (M&A and Investor Movements)

While pending M&A Activity data for Datoms itself isn’t yet public, the involvement of seasoned institutional investors signals potential strategic pathways, including future partnerships with industrial conglomerates or integration with automation stacks in large manufacturing ecosystems.

Institutional players such as BIG Global Investments JSC and IvyCap Ventures have a track record of leveraging their networks to accelerate portfolio companies toward strategic consolidation, either through commercial engagements or structured exits at a later growth stage.

Institutional Investor Perspectives

• BIG Global Investments JSC — The lead investor’s focus on deeptech and industrial automation illustrates continued VC appetite for asset automation solutions with measurable ROI and enterprise adoption potential.
• YourNest Innovative Products VC Fund — A repeat backer of Datoms, YourNest’s involvement underscores the importance of sustained funding partnerships from Seed through Series A.
• IvyCap Ventures — As an institutional investor in multiple Indian startups, IvyCap’s participation reflects its strategy of diversifying into high-growth sectors beyond traditional tech verticals.

Market Analyst’s Note

The Series A commitment to Datoms highlights several key trends shaping global early-stage investing:

• Industrial Automation and IoT: Investors are allocating capital toward startups that can materially enhance efficiency and digital transformation for heavy industries.
• Emerging Market Leadership: Indian startups continue gaining prominence on the global stage, demonstrating how Venture Capital can fuel scalable deeptech ventures beyond consumer-facing products.
• Institutional Investor Confidence: Repeated participation by established VCs signals confidence in founder teams and their technology roadmaps.

Looking Ahead: As funding rounds accelerate across AI, machine intelligence, and connected industrial platforms, the next 12–18 months could see Series B activity and strategic collaborations that further embed automation technologies into global supply chains.

By integrating robust seed-to-growth capital flows with strategic investor engagement, the startup ecosystem is reinforcing a balanced landscape where innovative deeptech companies like Datoms can thrive and scale sustainably.