The new local Internet-of-Things (IoT) company, Brazn, secured an initial investment of US $ 3.65 million from Tin Men Capital, the company said in a press release on Monday.
Tin Men, a venture capital firm targeting B2B in Southeast Asia, is Brazn’s first and only venture investor currently.
The funds to local Internet-of-Things (IoT) company, Brazn will be used to improve the company’s existing products: Buildos, a solution for secure installations, and Retailr, an intelligent sales solution. Brazn also has a product focused on agriculture called Agrios.
The IoT operating system is an online platform that collects the data protocols of any sensor device, processes and processes this data in real time in actionable alerts and visualizations, and integrates them with existing business systems.
Tin Man already worked with local Internet-of-Things (IoT) company, Brazn and now invests $3.65m for Brazn. In 2018, Brazn (local Internet-of-Things (IoT) company) launched the three solutions and got successful pilots in Malaysia and Thailand within a year. Some of the Thai partners with whom Brazn worked include Loxley Public Company Limited, one of the largest IT systems integration companies in Thailand, Mochit Bus Terminal, a convenience store operator and Sunsweet in Chiangmai. The startup also worked with a convenience store operator in Malaysia.