OTee
OTee is an industrial automation company offering a cloud-native platform for creating, programming, deploying, and managing virtual PLCs (vPLCs) based on open, international standards like IEC 61131-3 Structured Text. They aim to solve the vendor lock-in problem in the industrial automation industry by providing an open, flexible, and cloud-managed solution. Key features include a cloud-native IDE, zero-trust cybersecurity, role-based access control, fleet management for deploying and updating vPLCs across diverse hardware (x86 or ARM), and a pub-sub data framework for Industry 4.0. Their AI assistant, Martha, aids in code generation and optimization. OTee has been recognized as one of Europe's most promising industrial startups by Sifted (Financial Times) and one of the top 20 Industry 4.0 startups globally by StartUs Insight. The company emphasizes reducing costs, improving operational efficiency, and enabling ML/AI integration for industrial applications. Their business model appears to be SaaS, offering a free trial.
OTee
OTee is an industrial automation company offering a cloud-native platform for creating, programming, deploying, and managing virtual PLCs (vPLCs) based on open, international standards like IEC 61131-3 Structured Text. They aim to solve the vendor lock-in problem in the industrial automation industry by providing an open, flexible, and cloud-managed solution. Key features include a cloud-native IDE, zero-trust cybersecurity, role-based access control, fleet management for deploying and updating vPLCs across diverse hardware (x86 or ARM), and a pub-sub data framework for Industry 4.0. Their AI assistant, Martha, aids in code generation and optimization. OTee has been recognized as one of Europe's most promising industrial startups by Sifted (Financial Times) and one of the top 20 Industry 4.0 startups globally by StartUs Insight. The company emphasizes reducing costs, improving operational efficiency, and enabling ML/AI integration for industrial applications. Their business model appears to be SaaS, offering a free trial.
TL;DR
What they do: Cloud-native platform for virtual PLCs (vPLCs) using open standards (IEC 61131-3 Structured Text)
Founded: 2022 (Norway)
Business model: SaaS (cloud-managed platform, free trial available)
Funding: Pre-seed round Feb 5, 2024 (approx. €1.25M–€1.3M); total funding reported ≈ $1,467,650
Team size: ~7 employees
