
Metrix
Metrix-startup made to make industrial automation and IoT industries cheaper.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €800k | Seed | |
Total Funding | 000k |
Metrix, a product by TotalAPI, provides a development framework for creating applications that monitor the condition and location of various assets. The company is positioned to serve clients in sectors that require industrial and factory automation, such as smart energy, smart city initiatives, facility services, and environmental management. It also caters to construction, remote medical services, and family tracking services.
The firm's core business revolves around Internet of Things (IoT) solutions, aiming to reduce risks and investment costs for companies developing their own corporate automation applications. TotalAPI's platform offers custom-developed IoT solutions, real-time vehicle and object monitoring, interactive data analysis dashboards, detailed reporting, and resource management to optimize fuel and other expenses. The company's revenue model is not explicitly detailed, but it appears to be project-based, providing custom enterprise resource planning (ERP) and IoT solutions. For example, they implemented a custom ERP solution for DTEK that optimized fleet management and fuel consumption, reportedly achieving a full return on investment within three months. Another key project involved providing IoT solutions for Ukraine's railway system, enabling real-time train movement monitoring.
TotalAPI operates as a cloud-hosted, web-based platform. The service is designed for a range of customers, from self-employed individuals to small and midsize businesses. The platform supports various programming languages and frameworks to ensure compatibility with existing systems. Key features include tools for debugging, deployment management, source control, and a no-code development environment with a graphical user interface. The business targets industries like manufacturing, natural resources, agriculture, and smart transportation, offering solutions for automation, production efficiency, and logistics improvement.
Keywords: IoT solutions, application development framework, industrial automation, factory automation, smart city technology, asset tracking, remote monitoring, fleet management, resource optimization, custom ERP solutions, data analysis dashboards, smart transport, IoT for manufacturing, IoT for agriculture, Ukraine technology