Otodata
Company

Last deal

$7.5M

Amount

Debt Financing

Stage

17.01.2020

Date

1

all rounds

$7.5M

Total amount

date founded

Financing round

General

About Company
Otodata is the leading IoT network operator in Canada.

Industry

Sector :

Subsector :

Also Known As

Otodata Wireless Network

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

With a focus on sectors like automotive and agriculture, Otodata excels in designing, developing, manufacturing, and distributing cost-effective proprietary products and technologies. Their expertise lies in providing remote monitoring and asset tracking systems for the residential, commercial fuels, and industrial gas markets. Leveraging wireless telemetry systems and various wireless technologies, Otodata's solutions cater to industrial tank applications. By offering ultra-low hardware costs, the company ensures accessibility and efficiency across a wide range of industries.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Acquired by

Renovo Capital

announced date

04.01.2021

Financials

Funding Rounds
1
1

Number of Funding Rounds

$7.5M

Money Raised

Their latest funding was raised on 17.01.2020. Their latest investor CIBC Innovation Banking. Their latest round Debt Financing

Date 
Funding Round 
Investors 
Money Raised 
Lead 

CIBC Innovation Banking

CIBC Innovation Banking provides funding and strategic advice to innovation companies.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Keywords

Financial Services, Banking, Advice

Location

Toronto, ON, Canada

count Of Investments

92

count Of Exists

9
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Debt Financing

CIBC Innovation Banking

CIBC Innovation Banking provides funding and strategic advice to innovation companies.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Keywords

Financial Services, Banking, Advice

Location

Toronto, ON, Canada

count Of Investments

92

count Of Exists

9
Acquisitions
3
Acquiree Name 
Date 
Price 
Acquisition Name 
Aiut acquired by Otodata

Aiut acquired by Otodata

acquirer

Otodata
Otodata

date

29.06.2022

type

Acquisition
Aiut

Aiut

Aiut provides automation, robotics, telemetry, and IT system solutions for companies.

Sector

Software and Computer Services

Subsector

Computer Services

Location

Gliwice, Poland
WACnGO acquired by Otodata

WACnGO acquired by Otodata

acquirer

Otodata
Otodata

date

14.12.2021

type

Acquisition
WACnGO

WACnGO

WACnGO is a leading technology company that specializes in providing logistics and optimization solutions to LPG/OIL distribution companies.

Sector

Oil, Gas and Coal

Subsector

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Keywords

Logistics, Software

Location

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total rounds

1

total raised

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Wise Telemetry acquired by Otodata

Wise Telemetry acquired by Otodata

acquirer

Otodata
Otodata

date

14.04.2021

type

Acquisition
Wise Telemetry

Wise Telemetry

Wise Telemetry provides gas sensor systems for real-time supply and usage monitoring.

Sector

Gas, Water and Multi-utilities

Subsector

Gas Distribution

Keywords

Sensors, Wireless, Electronics

Location

Pittsburgh, PA, USA

total rounds

6

total raised

$75K

People

Founders
1
Jason Gallovich
Jason Gallovich

Jason Gallovich

Jason Gallovich is the Executive Vice President and Co-Founder at Otodata.

current job

Otodata
Otodata

organization founded

1

Jason Gallovich

Employee Profiles
2
Eric Wise

Eric Wise

Vice President of Industrial Solutions

Jason Gallovich

Jason Gallovich

Executive Vice President - Co-Founder

Activity

Recent News
1