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IOTech Systems

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An open IoT Edge platform company

Newcastle upon Tyne, United KingdomFounded 2017Other B2B Software
Valuation $25–50M Last recorded · 2019
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About IOTech Systems

IOTech Systems, founded in April 2017 by CEO Keith Steele, is a key player in the open edge computing market for the Industrial Internet of Things (IIoT). The company is headquartered in Newcastle Upon Tyne, United Kingdom, with a global presence spanning the US, Europe, and APAC. Steele, a seasoned entrepreneur with over 25 years in the software industry, previously founded and led PrismTech, a middleware and IoT solutions company, which was later acquired by ADLINK. His extensive experience in growing technology companies and promoting international standards has been instrumental in shaping IOTech's direction.

The company's core business revolves around making industrial data accessible, actionable, and manageable. It serves industrial OEMs, independent software vendors (ISVs), and systems integrators (SIs) across various sectors, including building automation, manufacturing, renewable energy, and transportation. IOTech's business model is centered on an open-source strategy, leveraging the Linux Foundation's EdgeX Foundry project. It generates revenue by providing commercialized, licensed versions of the open-source platform, complemented by professional services such as training, consulting, and technical support.

IOTech's flagship product is Edge Central, an industrial-grade open edge data platform based on EdgeX Foundry. This platform is designed to tackle the complexity of heterogeneous Operational Technology (OT) systems by enabling seamless data acquisition from a wide array of industrial devices and sensors using protocols like Modbus, BACnet, and OPC UA. Edge Central is composed of a modular microservices architecture, offering flexibility and platform independence, allowing it to run on various hardware and operating systems. Key features include robust data processing through rules engines and analytics, ready-to-use integration with major cloud providers like AWS and Azure, and a comprehensive management layer, Edge Manager, for deploying and monitoring edge nodes and applications at scale. The platform also boasts enhanced security features, including an API gateway and role-based access control, to protect sensitive industrial data.

Source: Dealroom company data

At a glance

Founded
2017
Headquarters
Newcastle upon Tyne, United Kingdom
Sector
Other B2B Software

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A4 investors entered at this stage

  • Northstar Ventures
  • SPDG
  • European Regional Development Fund
  • Scottish National Investment Bank
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇬🇧 United Kingdom60.5%
🇹🇼 Taiwan26.3%
🇻🇳 Vietnam5.3%
🇺🇸 United States5.3%
🇧🇪 Belgium2.6%
5 countries shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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