Essen-based talpasolutions raised a €15 million Series B round to expand its digital fleet and operations management solution offering and move from mining into other industries such as construction and logistics.
The round was led by MIG Capital (MIG funds 2, 4, 6 and 17) with new investors Robert Bosch Venture Capital, Hannover Digital Investments and Prospect Mining Studio/newlab Ventures. Existing investors High-Tech Gründerfonds, Gründerfonds Ruhr, NRW.BANK, RAG Stiftung and F-LOG Venture also participated in the current financing.
“Heavy industry is at a tipping point towards a data-driven future, and we believe talpasolutions is well positioned to become a major player in this transformation. We have been impressed by the company’s talented and diverse team, the technology, and strong partnerships. We are very proud to support talpasolutions’ ambitions and look forward to being part of their growth journey," says Frederick Michna, Principal at MIG Capital.
talpasolutions puts data driven metrics into the fleet management and operations of heavy machinery industries like mining. It helps manufacturers and operators monitor the lifecycle and condition of large machinery, fully utilising the sensors modern day machinery come with, as standard, using the data to catch issues before they occur, reducing downtime and, of course, repair and replacement costs.
“We supercharge the digitalisation of processes in industries that have traditionally been conservative. Since our launch in 2016, we have been using our deep know-how in mining engineering and data science to create an ecosystem that brings diverse stakeholders to the table: fleet operators, machine, and component manufacturers,” says Sebastian Kowitz, CEO and co-founder of talpasolutions.