
OCTO INC.
Building an IoT open network to provide data in real time and support communication in remote parts.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | $2.0m | Seed | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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OCTO INC. operates as a technology partner for companies, focusing on the design and development of digital solutions. The company is headquartered in Santiago, Chile, with an additional office in Vancouver, Canada.
The firm's core business involves capturing and displaying data from a variety of sensors, devices, and unmanned vehicles, which enables clients to monitor, control, and analyze variables in real-time. OCTO INC. serves a diverse client base across several industries, including energy, mining, retail, banking and investments, services, and government. The company's business model appears to be project-based, where they become a technological partner to implement a company's business ideas. They employ a hybrid methodology that combines elements of Lean (Last Planner System) and Agile (Scrum) to manage their projects.
OCTO INC. offers a range of products and services. 'Octopull' is their IoT solution for industrial applications such as predictive maintenance and smart substations. 'Octoberus' is a cloud platform for physical security, integrating surveillance systems with cameras, access control, and alarms. The company also develops AI applications under the name 'Grid Guru,' utilizing technologies like Langchain and large language models (LLMs) to enhance application intelligence. Furthermore, under 'Octoprojects,' they provide backend and frontend development, as well as user experience (UX/UI) design for digital products.
Keywords: digital solutions, IoT solutions, data capture, real-time monitoring, AI applications, cloud security platform, software development, industrial IoT, predictive maintenance, smart substations, physical security, access control, user experience design, frontend development, backend development, technology partner, energy sector, mining industry, retail technology, banking solutions, government technology