Latium Technologies

Extended description

Combining our management team's 20+ years experience in Heavy Industry with the latest in Big Data & Analytics, Latium Technologies has built Yonder - an innovative IIOT platform designed to help users optimize their job sites with real-time visibility into any-and-all "assets of interest". With Yonder, Latium Technologies has helped a roster of multi-billion dollar clients like Suncor and Trans Mountain Pipeline optimize their processes with real-time data, increasing output by up to 33% AND reducing labour costs by approx. $250,000/job site. Aside from the one-time hardware purchase (sensors and Parent Hubs), Yonder is predominately a SaaS play, with recurring monthly per-sensor charges and margins of 80%. Now, Latium is seeking $4 Million USD in funding to help enhance Yonder's capabilities with further AI Integration, as well as a Sales Force to help gain more traction in-market.