How much funding has OTee raised?

OTee has raised $1.4M in total funding, most recently a Seed round.

Who are OTee's investors?

OTee's investors include RunwayFBU, Superangel, Antler, Startuplab Ventures.

Where is OTee headquartered?

OTee is headquartered in Norway.

OTee

Virtual PLCs at Scale — Open Architecture, Real-Time Control

Norway · Founded 2023 · $1.4M raised

Industrials

Founded: 2023
Business Model: B2B
Website: otee.io

Total Funding: $1.4M
Last Round: $1.4M SeedFeb 2024
Rounds: 1

About

OTee is a next-generation industrial automation company offering a cloud-native platform for virtual PLCs (programmable logic controllers). Built on open standards including IEC 61131-3 Structured Text, OTee allows automation engineers to program, simulate, deploy, and remotely manage virtual control systems on any Linux-based hardware. The platform features a cloud-native IDE with built-in Zero Trust cybersecurity, role-based access control, fleet management capabilities, and a pub-sub data framework designed for Industry 4.0 requirements. OTee eliminates vendor lock-in and reduces hardware costs while enabling seamless integration with AI and machine learning workloads through text-based, readily accessible data.

Summary

OTee is an Industrials company based in Norway, founded in 2023. It has raised $1.4M in total across 1 round, most recently a $1.4M Seed round in Feb 2024. Investors include RunwayFBU, Superangel and Antler.