ReadiiTel Raises $2M in Seed Round Funding, Strengthening its Grip on Cloud and IT Solutions

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Key Takeaways:

  • ReadiiTel raises $2 million in seed funding led by 1 in 100 Ventures
  • The funds will be used to develop innovative IT solutions, expand cloud data services and enhance network security
  • This is ReadiiTel’s first funding round after its inception

ReadiiTel, an IT solution and managed services provider, just established a substantial foothold in the industry with a successful seed funding round. They managed to raise $2 million in their quest to deliver exquisite business IT, cloud, and communication solutions to their customers.

The funding round which was carried out on July 30, 2023, was led by 1 in 100 Ventures. The company has already made a name for itself as a groundbreaking player in the Cloud Data Services, Information Technology, IT Infrastructure, and Network Security fields, per their Crunchbase profile.

Richmond, Victoria, Australia-based ReadiiTel plans to use the proceedings from the $2 million funding round to further develop its innovative IT solutions, expand its array of cloud data services to cater to a broader market segment, and also to enhance network security amid the rampant digital threats.

The funding success marks ReadiiTel’s first round of fund-raising, setting the pace for what the future could look like for this emerging tech behemoth. With such an impressive start in a highly competitive industry, it certainly puts the firm on the radar for future innovations and growth.

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