Aloxy Secures $7.4M to Accelerate Industrial IoT Innovation for Safer, Smarter Operations

Aloxy, a pioneering tech company specializing in Industrial IoT solutions, is proud to announce that it has secured $7,400,000 in its latest funding round. This significant investment underscores the market’s increasing confidence in Aloxy’s mission to revolutionize industrial operations within the energy and chemical sectors. With a comprehensive approach that spans from cutting-edge sensors and wireless communication gateways to an integrated cloud platform, Aloxy is committed to transforming legacy systems by connecting previously unmonitored equipment. The new funds will primarily be directed toward accelerating the development and expansion of Aloxy’s sensor suite, including its innovative IoT sensor solution for manual valve monitoring, and further integrations with customer systems. Aloxy’s Industrial IoT platform is designed to enhance operational safety, boost efficiency, and promote sustainable practices by unlocking critical data from unconnected assets. Leveraging digital technologies such as the Internet of Things and advanced data analytics, the company aims to bridge the gap between traditional industrial operations and next-generation technology solutions. The investment not only strengthens Aloxy’s product portfolio but also provides an opportunity to scale its platform, drive innovation, and expand market reach. With this robust backing, Aloxy is well-positioned to address the pressing challenges faced by the energy and chemical industries, ensuring that operational processes are not only more streamlined and safer but also environmentally responsible. This exciting funding milestone marks a critical step forward in realizing Aloxy’s vision of a fully interconnected industrial landscape, capable of delivering significant long-term value to customers and stakeholders alike.