Toulouse, France (November 20, 2017) – UWINLOC, a fast-growing SME company that’s developed a breakthrough technology, the first worldwide battery-less and high-precision indoor location system, has just closed a fundraising round of nearly 1 million euros. Three European and Asian investment funds, ACE Management along with CYLON Capital and M CAPITAL, have been welcomed as new associates.
UWINLOC’s fundraising round closed successfully, with, again, a significant level of oversubscription. This round will enable UWINLOC to accelerate its fast scale up of both international deployments, in Europe and in the US, and solution industrialization; it will be completed by a round of an estimated 2-3 million euros in Q2 2018.
The solution is designed for the Industry 4.0, specifically for retail, logistics, and heavy industrial environments where the traceability of tools, parts, and miscellaneous items are essential for effective productivity, optimized stock management and timely deliveries. This unique patented solution will enable continuous inventory processes and accelerate the digitalization of warehouse and production centers worldwide.
For Eric Cariou, CEO, and Jan Mennekens, CTO, “this fundraising will enable us to deploy our solution on a large scale and have a strong presence internationally where we already have clients. We’re also present on the Asian market, working with suppliers and various business partners. We are moving forward in our development, envisioning an entirely new international standard for industrial automation using an advanced indoor geolocation system.”