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OTee

Automation Engineers: Create, program, and manage Virtual PLCs in the cloud. Deploy on any hardware.

Founded 2022 6 employees Pre-Seed Total: $1.38M Automation, Manufacturing

General Information

Company Name OTee
Founded Year 2022
Employees 6
Industries Automation, Manufacturing
Funding Stage Pre-Seed
Social

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About OTee

OTee is a European DeepTech startup founded in 2022 and aims to revolutionize the industrial automation sector. Recognized as one of the top 20 Industry 4.0 startups in the world for 2024 by StartUs Insight, OTee is dedicated to solving the control system vendor lock-in issue prevalent across industries. The company offers a SaaS platform designed to digitally transform PLCs and industrial controllers, enabling efficient PLC coding and management (PLC Ops) while integrating third-party data sources into automation code. Their open runtime framework allows the creation and management of virtual control systems/PLCs, running on general-purpose hardware such as x86 and ARM architectures.

The latest milestone for OTee was the successful completion of a €1.25M Pre Seed Round investment on 05 February 2024. The round attracted notable investors including Antler, StartupLab, Superangel, RunwayFBU, Gunnar Evensen, Trond Riiber Knudsen, Snorre Larsen, and Olav Slupphaug.

Business keywords: Industry 4.0, Industrial Automation, B2B SaaS, Engineering Platform, Virtual Control Systems, Fourth Industrial Revolution, DCS, PLC, Data Quality, Production Efficiency

Funding Rounds & Investors (2)

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Funding Stage Amount Investors Lead Investors Date
Pre Seed Round €1.25M 8
Antler, StartupLab +6
05 Feb 2024
Pre Seed Round $125.00K 1
Antler
28 Feb 2023

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FAQ About OTee

Automation Engineers: Create, program, and manage Virtual PLCs in the cloud. Deploy on any hardware.
OTee was founded in 2022.
OTee operates in Automation and Manufacturing. Its work centres on Industry 4.0, Industrial Automation, B2B SaaS and Engineering Platform.
OTee has approximately 6 employees.
OTee has completed 2 funding rounds, raising a total of $1.38M. The latest funding stage is Pre-Seed.
Top alternatives and competitors to OTee include Precise Automation & Control Pvt Ltd, TAS INDIA PVT LTD, DSI Innovations, Enhanced Automation, Instrumatic Instrumentos y Automatismos. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OTee and Precise Automation & Control Pvt Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for OTee, https://bouncewatch.com/company/otee, updated 14 January 2025. When citing, please name BounceWatch and link this page.

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