idatase GmbH is a Germany-based startup that aims to address the high failure rate of IoT initiatives by focusing on analytics and the "human factor" issue. According to a 2017 Cisco Survey, a majority of IoT endeavors end in failure, with most stalling during the Proof of Concept (PoC) phase. NetLume, their innovation platform, integrates business and domain experts into the IoT ecosystem, using Semantic Digital Twins to merge human readability with machine interpretability. The NetLume ECA design process streamlines the platform, enabling efficient development of operative MVPs even during the PoC stage. Their exclusive focus on the analytics domain and problem-solving sets them apart from other IoT platforms. The company received a $122.75K Pre Seed Round investment from Techstars and Data Pitch on 04 March 2019.
idatase GmbH
Most IoT initiatives fail, but NetLume solves the "human factor" issue and focuses on analytics, enabling rapid prototyping.
Frankfurt, Germany
11-50 employees
Pre Seed
Total: $122.75K
AI, Analytics +1
General Information
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Germany Market
About idatase GmbH
Taxonomy: IoT initiatives, rapid prototyping, ECA design, semantic digital twins, computational services, Internet of Analytics, AI systems, energy sector, domain expertise
Funding Rounds & Investors (3)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Pre Seed Round | •••••• | 2 |
|
04 Mar 2019 |
| Non Equity Assistance | •••••• | 1 |
|
01 Mar 2019 |
| Pre Seed Round | •••••• | 1 |
|
27 Feb 2018 |
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