Markets

Idea Device raises $4 m from Sequoia Capital

Rajesh Kurup Mumbai | Updated on March 12, 2018

Idea Device, a data centre automation platform company, has raised $4-million funding from Sequoia Capital.

The Bangalore-based company will use the funding to expand in markets such as the US and Singapore and to hire talent and expand its product suite.

“We are very impressed with the team and the cross-platform, agent-less technology built by Idea Device. Their client success at such an early stage is a terrific validation of both the market need and their technical prowess,” said Shailendra Singh, Managing Director at Sequoia Capital India Advisors.

Idea Device is exploring opportunities for global expansion by making inroads into Singapore and the US through partnerships and associations.

Idea Device provides automation solutions to help enterprises reduce operational errors and manual processes in data centres. The company currently works with leading organisations in the IT and banking, financial services and insurance (BFSI) sector.

>rajesh.kurup@thehindu.co.in

Published on October 09, 2013

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