OTee announces €5.3M funding round
The funding advances open, software-defined industrial control for easier integration, faster deployment, and scalable operations. Quote from Aker BP's Chief Digital Officer highlights the new approach.
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In short: OTee raised €5.3M, won awards, expanded globally, and advanced its virtual PLC platform.
The funding advances open, software-defined industrial control for easier integration, faster deployment, and scalable operations. Quote from Aker BP's Chief Digital Officer highlights the new approach.
The funding, led by North Ventures, supports product development and international expansion of its software-defined control platform. Investors include Atlas SGR, RunwayFBU, Superangel, and Antler.
He brings commercial drive and experience from building ECO STOR AS in battery energy storage. Leif will drive OTee's industrial automation transformation.
It integrates external forecasts to command existing PLCs without hardware changes, enabling automatic/manual switching and estimating up to USD 910 in daily operating cost savings.
ATHENS - Hellenic Telecommunications Organization S.A. (OTE) will begin a share buyback program on March 2, 2026, according to a press release statement issued today.
By leveraging ARMxy series efficiency and OTee’s flexibility, industries can overcome the limitations of traditional PLCs, achieving cost savings, scalability, and seamless IT/OT integration.
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