Quantela Inc, a Silicon Valley-headquartered and Hyderabad-based outcomes-as-a-service (OaaS) company working in the space of urban infrastructure digitisation, smart cities and IoT, has closed approximately $40 million in growth capital from Digital Alpha, a digital infrastructure investment firm.
The funding is aimed at helping Quantela grow inorganically through acquisitions, as well as help city governments finance ‘outcomes-driven’ infrastructure digitisation projects globally.
This follows a Series A round of funding of $10 million in November 2018.
