Oslo-based deeptech startup OTee has closed a €1.25 million investment round led by Norwegian venture capital fund RunwayFBU and Estonian fund Superangel. The funding will strengthen the startup’s position in the Nordics, EU-Startups reports.
- Founded in 2022 by Henrik Pedersen and Radek Janik, OTee provides an industrial-grade engineering platform for designing, deploying, and managing virtual control systems based on open architecture and standards.
- OTee claims that the platform’s zero-trust architecture enables to create cheaper, faster, more sustainable, and secure industrial control systems for automation engineers worldwide.
- The current investment was co-led by Norwegian venture capital fund RunwayFBU and Superangel, a Tallinn-based early stage investment fund and company builder, helping to start and grow the next wave of European technology startups.
In November 2023, Superangel that also co-led a €1.75 million for Denmark-based startup BeCause along with Ugly Duckling Ventures.
The funding will propel OTee into a new operational phase and strengthen its position on the international market. The partnership with RunwayFBU and Superangel will also access OTee to an extensive industrial network.
