RelySys secures funding to develop remote monitoring technology
September 10, 2014
Indian M2M start-up RelySys Technologies says it has secured funding from investment firm Inflexionpoint that will support its rollout of services targeting the remote monitoring and logistics opportunities.
Based in Bangalore, the company develops products for enterprise-grade remote monitoring, automation, security and surveillance applications and claims to have already designed solutions for telecoms tower and fuel outlet remote monitoring, logistics hubs and factory automation.
The company did not reveal the size of the investment from Inflexionpoint (St Helier, Jersey) but said the funding and Inflexionpoint’s expertise would help it to accelerate its growth.
Inflexionpoint counts John Sculley, the former chief executive of Apple and a renowned tech investor, as one of its co-founders.
RelySys’s embedded solutions are based on a central processing unit that is capable of performing data analytics as well as networking functions.
The company says it uses proprietary designs to integrate various wired and wireless sensors, audio and video inputs from analog and IP cameras.
It also provides support for customized application development on these products so that systems integrators and solutions providers can deploy M2M solutions across various industry verticals.
“We are delighted to be associated with Inflexionpoint and especially a technology pioneer like John Sculley,” said Jitender Misra, RelySys’s chief executive. “Investment from Inflexionpoint and guidance from Mr. Sculley will enable us to develop and widen our product and solutions portfolio and access newer markets.”
“We are confident that this investment from Inflexionpoint and need for robust M2M/IoT products globally will accelerate our growth and help us achieve our goal of becoming a leading technology provider for M2M applications,” he added.