Syook, an IoT platform has raised an undisclosed sum from Inflection Point Ventures. Primarily, Inflection Point Ventures is an investment scheme initiated by a set of CFO (Chief Financial Officers) from the startup ecosystem of India.
Sparkyo Technology Pvt. Ltd operated the funding event, wherein Syook said that it will deploy fresh capital to increase its operations in India, besides expanding in SouthEast Asia region, as reported by the daily news, VC Circle.
We're really excited to partner with IPV as we continue to make inroads into digital operations management with our full-stack industrial IoT product, Syook InSite, Syooks Co-founder, Arun Nagarajan said in his statement.
Syook was originally initiated in 2016 by co-founders, Nagarajan, Saurabh Sharma and Aman Agarwal. The platform helps to ascertain real-time locations to masses of people and other vital niches such as automobile, education, manufacturing, defence and healthcare.
Aman Agarwal, CTO at Syook, said that the system facilitates in giving out accurate details of ones locations as well as important niches in the sector.
We use machine learning to give our customers a competitive advantage when it comes to optimising operations, Agarwal added.