Positive impactCompany
Quarkitech raises ₹2 crore from Artha Access, Finvolve to develop sensor data compression solutions
BusinessLine 2 hrs ago·12 Aug 2026, 2:23 pm
Quarkitech has successfully raised ₹2 crore from investors Artha Access and Finvolve to fund the development of a new technology. The company plans to use these funds to build a core compression algorithm library. This technology is designed to reduce the volume of data generated by sensors at the source, before it is stored, processed, or transmitted.
This development is significant for investors as it addresses a key challenge in the Internet of Things (IoT) sector: data overload. By compressing data early in the process, Quarkitech aims to lower costs and improve efficiency for connected devices. This innovation could make the company more competitive in the growing market for smart hardware solutions.
Investors should watch for updates on the product launch and any pilot projects with potential clients. Success in this area could validate the company's technology and drive future growth in the broader market.
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- Category: Company.
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