Initial investment in core sensing

OCCIDENT invests in an innovative sensor technology for machine components and takes the lead for the Series A of 4.5M growth capital at core sensing.

The TU Darmstadt spin-off has found a sophisticated way to place smart sensors inside mechanical components, which in combination with intelligent algorithms provide valuable insights into machines, plants and commercial vehicles. This allows them to be digitized and thus operated more efficiently, potential problems to be detected at an early stage, expensive scrap and downtime costs to be avoided, and new digital business models to be implemented. The additional capital will primarily be used to bring the products into further applications and to scale the customer base.

More information in the press release under the following Link

More about core sensing

Congratulation to Mirco on his promotion Overview Initial investment in Avelo
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