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September 17, 2014

Deal Alert: The Hive, Infuse Ventures, Persistent Ventures invest in “IoT” startup Altizon

Big data incubator The Hive has led seed funding in Pune-based Altizon Systems which offers solutions for enterprises adopting the Internet of Things (IoT) including for remote monitoring of devices. The round received participation from Infuse Ventures and Persistent Ventures, an unit of publicly listed Persistent Systems which has invested $100,000 (about INR 61 lakh) for a 4% stake. 

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