Overdrive raises US$2.9 million
Singapore-based IoT startup Overdrive has completed its US$2.9 million Series A round, which was solely funded by Southeast Asia B2B-focussed VC Tin Men Capital.
Founded in 2015 by CEO Aston Chia and COO Zen Chin, who were university schoolmates in Australia, the company has developed an IoT platform that enables businesses to build an interconnected data sensing environment, extracting data from different sources such as goods or vehicles and machinery.
The platform is then configured to optimally deliver business objectives such as real-time tracking and monitoring, exception alerting and command centre visualisation.