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§ Private Profile · Atlanta, GA, USA
AI platform provider offering plug-and-play no-code/low-code IoT solutions to make factories smarter for manufacturing and Industry 4.0.
IoTFlows Inc has raised $710K across 1 funding round.
Key people at IoTFlows Inc.
IoTFlows Inc was founded in 2020 by Mahmoud Parto (Founder) and Ulises Carrasco (Founder).
IoTFlows Inc has raised $710K in total across 1 funding round.
IoTFlows Inc, based in Atlanta, GA, USA, provides a plug-and-play AI platform with sensors and dashboards designed to enable no-code/low-code IoT solutions for smart factories. The company's SaaS platform simplifies connecting, managing, analyzing, and acting on data from IoT devices, primarily serving the manufacturing and Industry 4.0 sectors. With approximately 60 employees, IoTFlows Inc was part of the Y Combinator Winter 2022 batch, where Diana Hu served as a Primary Partner. Its offerings include tools for data ingestion, real-time processing, customizable dashboards, and automated rules engines for enterprise and OEM clients. IoTFlows Inc was founded in 2020 by Mahmoud Parto, who serves as CEO, and Ulises Carrasco, the company's COO. Its business model centers on subscription revenue through SaaS IoT platform.
Key people at IoTFlows Inc.
IoTFlows Inc has raised $710K across 1 funding round. Most recently, it raised $710K IoTFlows - Seed in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2022 | $710K Seed | — | Cyberlaunch | Announced |
IoTFlows Inc is a plug-and-play AI platform that integrates sensors and dashboards to provide manufacturers with real-time visibility into machine utilization, downtime, and workflow efficiency. Their solution combines AI-powered hardware and software to analyze machine vibration and acoustics data, generating actionable insights and automating maintenance and operational tasks. This helps manufacturing teams optimize performance and achieve return on investment in under a month. IoTFlows serves industrial manufacturers, including clients like Parker Hannifin, delivering a high-margin, subscription-based service that scales seamlessly[1][2][3].
Founded in 2020 in Atlanta, Georgia, IoTFlows was created by Mahmoud Parto and Ulises Carrasco, both with advanced degrees in mechanical engineering and expertise in IoT and smart manufacturing. Mahmoud holds a Ph.D. in IoT/ML, while Ulises has a Master’s focused on smart manufacturing and experience in robotic and automated systems in the oil and gas sector. The idea emerged from their combined backgrounds in industrial machine connectivity and the need for better real-time monitoring solutions on manufacturing floors. Early traction includes acceptance into Y Combinator’s Winter 2022 batch and securing partnerships with major industrial clients[1][2].
IoTFlows rides the growing trend of Industrial IoT (IIoT) and AI-driven smart manufacturing, where real-time data analytics and automation are transforming factory operations. The timing is critical as manufacturers seek to increase efficiency, reduce downtime, and leverage data for predictive maintenance amid rising global competition. Market forces such as the proliferation of affordable sensors, cloud computing, and AI advancements favor IoTFlows’ scalable subscription model. By enabling seamless connectivity and actionable insights, IoTFlows influences the broader ecosystem by accelerating digital transformation in traditional manufacturing sectors[1][2][3].
Looking ahead, IoTFlows is positioned to expand its footprint by enhancing its AI capabilities, broadening device compatibility, and deepening integration with enterprise systems. Trends like edge computing, 5G connectivity, and increased demand for sustainability in manufacturing will shape their journey. Their influence may grow as they enable more manufacturers to adopt data-driven operational models, potentially evolving into a key platform for industrial digital twins and autonomous factory management. This aligns with their mission to empower manufacturers with real-time intelligence and operational agility, reinforcing their role as a catalyst in the smart manufacturing revolution[1][3][5].
IoTFlows Inc was founded in 2020 by Mahmoud Parto (Founder) and Ulises Carrasco (Founder).
IoTFlows Inc has raised $710K in total across 1 funding round.
IoTFlows Inc's investors include Cyberlaunch.