Idea Device, TechSparks 2011 startup, raises $4 million in Series A funding from Sequoia Capital
Idea Device, a data center automation platform company, also a TechSparks 2011 TECH30 startup, has raised a round of Series A funding from Sequoia Capital in India.
Shailendra Singh, Managing Director, Sequoia Capital India shared the funding news during his Keynote Speech at TechSparks 2013 on 5th October, Bangalore.
Idea Device provides automation solutions to help enterprises reduce operational errors and manual processes in their datacenters, resulting in robust systems, decreased downtimes and improved IT compliance. Idea Device currently works with leading organizations in the IT and BFSI sector.
Saju Pillai, Co-Founder and CEO, Idea Device said, “We believe that ‘Computers should manage Computers’. Our flagship product Epsilon can model complex IT processes across all types of datacenter technologies, allowing Epsilon to be a ‘single pane of glass’ solution for all the automation needs of the datacenter. We are delighted to partner with Sequoia Capital and gain from their global experience.”
“We are very impressed with the team and the cross-platform, agent-less technology built by Idea Device. Their client success at such an early stage is a terrific validation of both the market need and their technical prowess,” said Shailendra Singh, Managing Director, Sequoia Capital India Advisors.
Idea Device is exploring opportunities for global expansion by making inroads into the Singapore and US markets through partnerships and associations. The company is aggressively recruiting world-class engineering and UI talent for expanding its product suite.
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