US headquartered Internet of Things (IoT) startup Roambee has bagged a second round of funding $4.1 million with participation from Silicon Valley investors and the investing arm of Deutsche Telekom.
The three-year-old startup received its series A round of $2.5 million in May 2015 from a group of Silicon Valley investors. The startup which has an innovation centre in Ahmedabad and a manufacturing unit in Delhi, offers IoT-based solutions for shipment tracking using sensor data, analytics and predictive reporting.
Roambee’s solution consists of a compact wireless portable sensor device called “Bees” and a cloud-based software platform. The Bees and software collect data from multiple streams to deliver machine learning-based predictive analytics. The solution allows for real-time monitoring of the temperature, humidity, location, movement, tampering of goods through the entire shipment and pass on actionable data and real-time alerts if deviations are reported.
Roambee also announced partnership with T-Systems, Deutsche Telekom’s corporate customer arm to offer a real-time visibility solution for goods and assets in the US, Africa, Asia, and Europe.
“Roambee’s fast-to-deploy-and-to-scale solution adds a strong value to our IoT partner ecosystem globally. Combined with T-Systems’ infrastructure and system integration expertise, we will now jointly enable and transform industries worldwide with IoT applications,” said Anette Bronder, Director of T-Systems’ Digital Division.
“Our partnership with T-Systems will give us the infrastructure and system integration expertise that is required to support clients worldwide. Our transporter agnostic product packed with real time alerts and actionable intelligence is driving efficiencies for our over 100 customers across sectors like pharmaceutical, consumer products, IT and logistics,” said Roambee CEO and Founder, Sanjay Sharma.
The startup is looking at scaling up its manufacturing in India to offer its device at services at more economical rates, expand its data analytics and build on its innovation centre in Ahmedabad.
Source: The Times of India
