Doppelio, an Internet of Things (IoT)-based platform, has raised $1.2 million (around Rs 9.8 crore) in a pre-Series A funding round from Axilor Ventures and Mela Ventures.  

As per the startup, the freshly raised funds will be used for research and development and geographical expansion.

Doppelio | IoT Test Automation Platform

Founded in 2019 by Gaurav Johri, Sharmila Saha, and Rajesh Kathirvelu, Doppelio is an IoT test automation platform that focuses on industries such as automotive, industrial engineering, manufacturing and connected products.

The IoT-based platform enables the testing of IoT applications without dependence on physical devices.

Speaking about the development, Gaurav Johri, Co-founder and chief executive officer of Doppelio, said, 

“As connected products develop in the coming years, we expect Doppelio to become an important piece in the IoT ecosystem. This funding will aid our investments in the product and go-to-market.” 

Doppelio’s device virtualization, simulation and test automation capabilities enable clients to test with speed and reduce their dependence on field trials. Using the platform, companies can test a wide range of functionalities, including Firmware-over-the-air (FOTA), remote command and control and test for performance with up to a million devices.

Commenting on the development, Ganapathy Venugopal, Co-Founder & CEO at Axilor Ventures, said,

“Axilor and Doppelio share a common vision of creating category-leading solutions for large global enterprises. IoT devices are becoming pervasive but testing them is still hard. This leads to slower release cycles. Doppelio’s advanced testing and simulation capabilities can help enterprises launch better products faster.”

Axilor Ventures invests in early-stage startups across sectors, including enterprise SaaS, healthtech, supply chain/B2B commerce, agritech, fintech, and consumer internet space. A few startups in which Axilor has invested include Wiz, Prolance, GoodHome, Locofast, CapGrid, QuickShift, and Metalbook, among others.

As per reports, the number of IoT devices will exceed 40 billion by 2026. Additionally, the number of connected endpoints is expected to be even higher than that. 

Follow us and connect with us on Instagram, Facebook, Twitter, and LinkedIn.

Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Company, register a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt funding, CFO Services, or other startup related legal services, contact us.