Otodo SAS
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Otodo SAS - overview
Established
2016
Location
Paris, -, France
Primary Industry
Software
About
Otodo SAS is a Paris-based company focused on delivering innovative white-label Smart Home solutions for telecom operators. Their offerings enhance connectivity and automation in residential environments, catering to the growing demand for IoT technology. Founded in 2016 by Eric Denoyer, Otodo SAS operates from its headquarters in Paris, France. The company specializes in Smart Home technology, providing a comprehensive platform for telecom operators and service providers.
In October 2022, Otodo raised EUR 1. 80 million in funding, marking its latest investment round. The total amount raised by the company stands at EUR 1. 80 million, with a current valuation of EUR 10.
70 million. Otodo specializes in providing a white-label Smart Home platform tailored for telecom operators and service providers. Its core offerings include multi-protocol hubs, customizable mobile applications, and a supervision portal for managing connected home devices across heating, security, and energy management. The flagship hub models, MZ and ZT, facilitate local automation and require internet connectivity, respectively.
Otodo's services are designed for telecom companies enhancing their offerings and end-users optimizing home automation through IoT technology. In the most recent financial year of 2024, Otodo reported a revenue of EUR 3,781,991 and an EBITDA of EUR -1,997,872. The company generates revenue primarily through B2B partnerships, allowing telecom operators to offer Smart Home services under their brand. This model involves subscription agreements for platform access, which includes hardware and software components, enhancing user experience and service adoption.
Otodo plans to leverage its recent funding of EUR 1. 80 million from October 2022 to develop new products and expand its market reach. The company is focusing on launching innovative Smart Home solutions tailored for specific regional demands, particularly targeting markets in Europe and North America by the year 2025. This strategic expansion aims to enhance Otodo's presence in the Smart Home sector and meet the increased demand for connected home technologies.
Current Investors
Banque Populaire, Bpifrance, Breega
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Systems Management Software
Website
www.otodo.com
Verticals
Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Series A
Total Amount Raised
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