Antwerp-based IoT solutions startup Rombit has raised a total of $25 million as it has announced the close of its Series B round. Having been thrust into the spotlight thanks to its COVID contact tracing wearable, the Belgian startup will continue to focus on the worker safety and productivity market and plans to significantly scale operations in the EU, the US, and the Middle East.
With its flagship offer, the Rombit ONE, the company provides blue-collar industries with a guardian angel of sorts. The device can monitor workers with an all-in-one wearable that covers the gamut. The device can provide real-time alerts to when a worker is in distress through fall, shock, and no motion detection metrics, evacuation alerts, collision avoidance services, and the aforementioned spread of COVID through a detailed contact tracing solution.
By offering a proprietary hardware, connectivity, and software solution, Rombit is able to get mission-critical solutions in the hands of customers and system integrators at breakneck speeds.
“Our full-stack approach serves two main goals: packaging products in such a way that existing IT is not bothered in any way, and enforcing stringent data security and workforce privacy standards, end to end,” commented Rombit CTO Nico Janssens. “Customers across the globe are increasingly aware of both risks, we address them by design.”
“Increased safety and productivity go hand in hand and immediately affect the customer’s bottom line. Our real-time data provides these insights,” added COO Evert Bulcke. “We keep looking ahead and invest in self-learning and self-sustaining products. In the Connected Worker market, Rombit wants to be the benchmark product.”
Rombit’s new influx of capital, a final close of their Series B round, arrives via the Belgian Government’s Transformation Fund, who now join existing investors Vic Swerts, InvestLink, and several other Belgian “captains of industry”.
On the investment, Belgian Deputy Prime Minister Vincent Van Peteghem commented, “Their wearable product has been discovered by many companies during the COVID crisis. It has proven to be an accelerator for Rombit to invest more and to grow.”