logo
logo

Oslo-based OTee secures €1.25M funding for industrial automation software

Oslo-based OTee secures €1.25M funding for industrial automation software

02/05/24, 11:33 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/NO.svgnorway
Money raised
€1.25 million
Industry
automation machinery manufacturing
Round Type
seed
Investors
Olav Slupphaug, Snorre Larsen, Trond Riiber Knudsen, Gunnar Evensen, Startup Lab, Antler, Superangel, Runway Fbu
OTee has secured €1.25 million in its latest funding round, led by Norwegian venture capital fund RunwayFBU and Estonia’s Superangel, with participation from existing investor Antler, alongside new investor StartupLab, and a host of angel investors including Gunnar Evensen, Trond Riiber Knudsen, Snorre Larsen and Olav Slupphaug. According to the startup, the investment marks a new chapter in the history of the company, propelling it to a new operational phase, and providing credibility on the world stage.

Company Info

Company
OTee
Location
norway
Additional Info
OTee is an Industrial Automation (OT) startup making it possible for the millions of automation engineers in the world to create and manage industrial-grade virtual control systems through a B2B SaaS engineering platform. The fourth industrial revolution has finally arrived, and the era of the DCS and the PLC is soon to be over.

Related People