IoT startup Gaia gets Pre Series A funding from global investors, Telecom News, ET Telecom


Internet of Things (IoT) startup Gaia stated that it has raised an undisclosed quantity in pre sequence A funding from a clutch of global traders.

The funding can be used to speed up enterprise improvement and market development in India and EU markets, Gaia founder and CEO Sumit Chowdhury, advised ET.

He stated that the funding will even be used for increasing the staff for additional innovation and product improvement of Gaia’s proprietary Edge ML {hardware} and Cloud Based analytics platforms

Gaia was based in 2015 by Chowdhury. Before that, he served Reliance Jio because the chief infromation officer and head of enterprise enterprise.

The cash on this spherical was raised from Ranodeb Roy (CEO, RV Capital Management, Singapore; ex-Board Member of MakeMyTrip and present Board member of Bandhan Bank; an Early LP into Aavishkar Fund; Multiple startup investments) and Raja Shekhar Reddy (Founder at BizSR – a startup incubator-accelerator, Founder & former COO, Innovsource; Investor-mentor in a number of startups) – each alumnus of IITK and IIMA – and a clutch of traders led by Debasish Das (Analytics and Data Science Head of Wipro’s Knowledge Services).

The startup has been supported by different global Angel traders in earlier spherical of funding together with seasoned IoT and tech specialists from the US together with Mehul Shah (Product Marketing Leader, Sprint IoT Group; Ex Honeywell IoT Group), Deepak Das (Chief Director of Engineering, Federated Wireless), Kavita Ravi (Director Emerging Markets, Massachusetts Department of Clean Energy) and Devang Mehta (now Partner at Anthill Ventures).

Gaia is the supplier of Wide-area IoT and AI/ML enabled Smart Feedback options. Its purchasers embrace “digitalized sites” throughout trade segments together with Transport, Retail, Facilities, Real Estate, Cold Chains, and plenty of Smart Cities throughout India.

While Gaia’s present purchasers and distribution setup are in India, the corporate has signed channel partnership agreements in Spain, UK, Netherlands and Australia in 2018, and is actively connecting with purchasers in abroad markets, Chowdhury stated.

Gaia options have captured over 50+ Million distinctive, discrete feedbacks from customers and over 150 Million streaming feedbacks from sensors. They have been deployed in over 130 cities throughout India for over 60 purchasers.

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