Digital Innovation Fund Invests in Iconic Devices to Accelerate Global Growth
Iconic Devices (ICD) is proud to announce a strategic investment from the Digital Innovation Fund, managed by BOV Capital and powered by Dialog Axiata PLC. This partnership represents a pivotal moment in our mission to establish Sri Lanka as a leader in the global industrial IoT sector.
Powering Industrial Innovation Worldwide
As a technology company specializing in industrial IoT hardware and automation solutions, ICD has built a strong international reputation with our flagship NORVI Controllers. We are now preparing to launch NEVETA, our innovative real-time supply chain platform that will further expand our capabilities in connected industrial environments.
Operating state-of-the-art in-house PCB assembly and prototyping facilities, we rapidly develop and scale solutions for clients across the globe. Our business model reflects our global competitiveness, we earn 100% of our revenues in USD, serving customers who depend on our technology for mission-critical operations.
From Local Roots to Global Leadership
Our journey began with building controllers for heavy equipment, but we’ve evolved into a trusted global provider of programmable controllers and connected devices used across diverse industrial sectors. What sets us apart is our unwavering focus on connectivity, sustainability, and resilience. Our solutions are engineered to thrive in the harshest environments while delivering enhanced operational efficiency, qualities that have made us the preferred choice for OEMs worldwide.
Accelerating Innovation and Growth
“I am honored to welcome the Digital Innovation Fund as an investor in Iconic Devices,” said Bhanuka Gamachchige, Founder and Managing Director. “DIF’s initiative to support Sri Lankan technology companies is a vital step in enabling local innovation to reach global markets. With their support, we are better positioned to accelerate innovation, expand our product offerings, and deliver new solutions worldwide.”
This strategic investment will enable us to expand our product portfolio, strengthen partnerships with leading global technology providers, and continue demonstrating that Sri Lankan innovation can compete and win-on the world stage.
Partners in Digital Transformation
Dialog Axiata PLC Director/Group Chief Executive Supun Weerasinghe emphasized the importance of this collaboration: “Investing in breakthrough digital technologies is crucial for advancing Sri Lanka’s digital economy and fostering innovation. Dialog is proud to partner Iconic Devices through the Digital Innovation Fund.”
BOV Capital Managing Partner Prajeeth Balasubramaniam added, “We are committed to backing scalable and high-impact tech ventures. Iconic Devices exemplifies the kind of innovative company that can drive meaningful industrial transformation.”
As we embark on this exciting new chapter, we remain committed to our core mission: delivering world-class industrial IoT solutions that empower businesses to operate smarter, more efficiently, and more sustainably.
