Axilor Ventures and Mela Ventures have invested $1.2 million in Doppelio, a developer of an Internet of Things (IoT) test automation platform. Doppelio, a company founded in 2019 by Gaurav Johri, Sharmila Saha, and Rajesh Kathirvelu, serves clients from a variety of sectors, including manufacturing, automotive, industrial engineering, and connected devices.

"The feedback we are receiving from major international corporations confirms that we are solving a significant issue for these businesses. We anticipate Doppelio will play a crucial role in the IoT ecosystem as linked items expand in the upcoming years, stated Johri, CEO of Doppelio. This money will increase our efforts in the product and go-to-market, and we are thrilled to have Mela and Axilor as investors.

By 2026, research organisations predict that there will be more than 40 billion IoT devices worldwide, and even more connected endpoints. Due to this vast scale, businesses must make sure their products operate flawlessly, reduce the likelihood of product recalls, and—most importantly—avoid any bad effects on users. But testing in labs for IoT applications takes time, costs money, and is still insufficient. This lengthens the time to market and raises the possibility that connected solutions will fail.

"Doppelio have developed a meaningful and effective answer to a challenging global issue that can produce results right away. Krishnakumar Natarajan, managing partner at Mela Ventures, "I am thrilled with the traction Doppelio is getting and confident they are on a path to becoming the category leaders in this space."

IoT application testing is now possible without the use of physical devices thanks to Doppelio. According to the company, its clients can test thoroughly quickly and rely less on field trials because to its capabilities for device virtualization, simulation, and test automation.