“With this development, we plan to take Altizon’s value proposition globally and continue to invest in our innovation edge around the Datoni platform.”Altizon, which had minted revenues of US$45,000 approximately for the financial year 2014-15, has developed a big data platform called Datonis that “allows organizations to build connected devices” and “gain insights from device data.” As a part of the agreement, Wipro will resell the Datonis platform for global customers under the Wipro brand. In a filing to the BSE, Wipro stated that it expects to close its investment by 10 February. This is Wipro Venture’s first investment in a home-grown startup in two years. Until now, Wipro’s $100 million corporate venture arm overseen by Rishad Premji has procured stakes in four US-based startups. The move comes as software firms face an existential threat posed by start-ups focused on disruptive technologies, including artificial intelligence and cloud computing. Altizon has been buckling down to build a smart big data platform that allows organizations to make sense of data sets gathered by connecting devices. This Series A funding has opened new doors for the startup, fetching it strategic partnerships with industry stalwarts like Wipro and Kepware to further its go-to-market initiatives.
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