Marseille-based Traxens closes €20 million Series C to launch its IoT tracking solutions at scale

Traxens, a French company providing logistics asset data and services for the supply chain industry, has closed a Series C funding round at €20 million ($22.7 million) today. The financing from Itochu Corporation, Bpifrance, and Supernova Invest will go to scale up the startup’s smart containers and rail freight businesses and propel its international expansion. […]

Nowi raises €1.5 million for its IoT power module technology

Dutch energy startup Nowi has raised €1.5 million in funding from Amsterdam VC firm Disruptive Technology Ventures. Nowi is developing a power module for IoT sensors that it claims won’t run out of power. “By getting energy from WiFi, GSM signals, light and movement that is all around us and effectively harnessing this to power […]

Seebo raises further $8 million for its industrial IoT platform

Israel internet of things startup Seebo has raised an additional $8 million for its Series A round, totalling $16.5 million. The investment comes from TPY Capital, Viola Ventures, Pritzker Group Venture Capital, and Global IoT Technology Ventures. Seebo is developing an industrial IoT platform to help meet the demand of connected devices in manufacturing and […]

AI startup MindTrace raises £1.3 million to build its car collision avoidance system

UK AI startup MindTrace has announced a £1.3 million funding round from Accelerated Digital Ventures (ADV) and the Northern Powerhouse Investment Fund. MindTrace is developing intelligent self-learning (or “unsupervised learning”) algorithms, particularly for use with autonomous vehicles but also in cybersecurity, the internet of things, and data management. The Manchester-based company is in the midst […]

Belgian industrial IoT firm Sensolus raises €2.75 million

Ghent-based Sensolus, which makes industrial internet of things systems, has raised €2.75 million from Capricorn ICT Arkiv and Quest for Growth to fuel its international growth. Sensolus develops an industrial IoT tracking and monitoring system called STICKNTRACK and counts Airbus among its clients, which uses the system and the Sigfox network to track the location […]