Oslo-based industrial deeptech firm OTee has raised €5.3 million in a seed funding round led by North Ventures and Atlas SGR, with participation from RunwayFBU, Superangel, Antler, and existing investors.
- Founded in 2022 by Henrik Pedersen and Gjermund Mathisen, OTee develops a software-defined industrial control platform built on virtual programmable logic controller (PLC) technology. The company aims to modernise industrial automation by replacing traditional, hardware-bound PLC systems with software-based control that can run on standard industrial computers.
- OTee’s platform enables engineers to design and test control logic in a browser-based environment before deploying it as virtual PLCs on-site. These systems execute locally to ensure real-time, deterministic control of industrial processes while allowing organisations to manage, update, and monitor deployments centrally across multiple locations.
- The approach is designed to reduce reliance on proprietary hardware, increase operational flexibility, and simplify control system management across distributed industrial environments such as energy, utilities, manufacturing, and other critical infrastructure sectors.
Details of the deal
- The €5.3 million funding will be used to advance product development, expand internationally, and scale adoption of the platform among industrial operators, system integrators, and hardware partners.
"We believe the shift to software-defined control will define the next era of industrial automation. OTee is well positioned to lead that transition," explains Mikkel Strandkjær, Investment Lead at North Ventures.
