B2B startup Bytebeam raised $3 Mn Seed financing from Accel, Together Fund, and STRIVE VC. The startup centers around working on IoT product surveillance.
As a service platform, Bytebeam is elegant. It oversees air updates, data examination, gadgets to portable communication, and more.
“Cloud services for IoT currently represents a $14 Bn market opportunity growing at 48% CAGR,” ~ Gautam BT, CEO and cofounder, Bytebeam.
From offering multiple product lines with different connectivity modules and necessities to obtaining all this together by being a single spot where it manages all the device data. It has made IoT easy for all.
This Bengaluru-based startup was laid out by Gautam BT, Ravi Teja K, and Bharadwaaj Ramakrishnan in 2019.
It allows the companies to deal with all their IoT necessities in a single stage.
Bytebeam expects to be a one-stop resolution for connected device manufactory. It also deals with security and scale by taking care of them all.
They likewise give SDKs to a wide scope of devices such as microcontrollers, Linux, or Android gadgets.
On being asked about how they keep up with Cloud innovation advancing in the IoT executives fragment Gautam expressed ~
“Cloud technology in IoT is evolving from just being connectivity driven solutions to ‘smarter devices’ driven by new technological advancements in hardware sensors, PCBs along with software advancements like Edge Computing and AI at the edge.
The ‘smart’ devices are expected to improve with time making Over the Air updates, configuration updates etc the norm for any IoT application development. Remotely diagnosing the issues with the product is also becoming a common expectation” he added.
Most of their clients are high-tech emerging startups from Bangalore, Delhi, Pune, and Chennai.
What Does The Future Hold ~ With The Fresh Fundings
Gautam BT, Raviteja K, and Bharadwaaj Ramakrishnan, and their group are building Bytebeam to be the spine, which empowers organizations to move quicker.
They are looking forward to helping companies organize, channel, and reduce redundancies in a sunrise sector such as IoT is a blue sky opportunity. It can help the world move to connected devices almost overnight.
The association is at an intonation point in the manner organizations and businesses are developing, They are looking forward to backing the individuals who ought to speed up change.
Simplifying IoT Applications is the prime goal of the startups and they are leading it with their own agendas.
Talking about the fresh funding, the startup intends to involve the assets towards building specialized skills in the group, setting up a business with reach across verticals, and fostering their offerings.
“Bytebeam is perfectly poised to reimagine the end-to-end IoT backend architecture with an open-core approach allowing IoT developers to focus on what matters – making devices smart.”
~ These were the words from Nikhil Kapur, Partner at STRIVE.
Bytebeam at present works with 15 organizations and aspires to expand that number to 150 firms throughout the following year.
Organizations like Exponent Energy, Matter Motor Works, and Micelio Motors are part of its client base.
A statement from a recent report frames that the Indian IoT market is expected to reach US$9.28 billion by 2025. There seem gigantic open doors for additional development with a most excellent number of firms offering arrangements in the IoT fragment,