VersaSense secures funding from Gemma Frisius Fund to expand commercial activities
LEUVEN, Belgium, Oct. 10, 2018 – VersaSense, a privately held Belgian industrial Internet of Things (IoT) company, today announced the completion of a financing round with the Gemma Frisius Fund which will bring the total amount of funds raised to date in excess of €1M. VersaSense will use the proceeds of this investment to expand its global commercial activities.
VersaSense’s IoT technology already powers diverse application domains, including production line monitoring, energy management and preventative maintenance. Their client base includes Fortune-500 and multinational companies in 30 countries worldwide.
The VersaSense wireless IoT fabric enables enterprises to capture data from sensors throughout their operational environment and securely deliver it to advanced analytics running on today’s leading IoT platforms. The plug-and-play nature of the VersaSense IoT fabric enables customers to instantaneously connect various assets in a reliable and secure way without the need for any custom hardware or embedded software development.
“Industrial companies urgently need pragmatic IoT solutions that quickly deliver return on investment by connecting their assets to value-generating analytics”, said Professor Koenraad Debackere, Chairman of Gemma Frisius Fund. “We are confident that the VersaSense wireless fabric product family is uniquely positioned to meet this market demand and we strongly believe that this team has the capability to power this 4th industrial revolution.”
“The VersaSense IoT Fabric provides the asset-to-analytics connectivity that is critical to realising the vision of Industry 4.0”, said Dr. Nelson Matthys, CEO of VersaSense. “By supporting thousands of sensor types and connecting to all major IoT analytics platforms, we empower our customers to IoT-enable their business in a matter of days.”
VersaSense delivers the IoT fabric to power the 4th industrial revolution.
The VersaSense Wireless Fabric consists of software, networking and hardware elements that can be combined to securely deliver sensor data from a wide variety of industrial assets to value generating data analytics platforms. With VersaSense you can IoT-enable your plant or facility in a matter of days and immediately begin generating return on investment by increasing efficiency, eliminating waste and improving product quality. Plug & play IoT solutions from VersaSense power the Industrial Internet for major industrial, consumer goods, technology and agricultural companies across diverse Industry 4.0 application domains.
As a spin-off of KU Leuven, VersaSense builds on decades of leading research of the imec-DistriNet research group in the Industrial Internet of Things (IIoT). For more information visit www.versasense.com
About Gemma Frisius Fund
Gemma Frisius Fund (GFF) is a seed capital fund, established in 1997 as a joint venture between KU Leuven, KBC Private Equity and BNP Paribas Fortis Private Equity. It combines the research and technology transfer expertise of the university with the financial and investment expertise of the two financial partners. GFF provides seed capital in the early development phases of innovative, research-based KU Leuven spin-off companies originating from all technology domains and provides support in their further growth process. For more information visit: http://lrd.kuleuven.be/en/spinoff/gemma-frisius-fund.