[EN] UWINLOC raises a 4.5 M€ Series A round to expand its operations in the United States and China
UWINLOC’s battery-less assets location solution provides a major breakthrough for the Industry & Logistics 4.0.
UWINLOC, pioneer of the first battery-less indoor location solution, has closed a 4.5M€ funding round that will contribute to accelerate its international growth. The funds will also focus on advancing its unique expertise and develop new disruptive offers to transform businesses.
The startup, founded in 2015, counts over 40 employees today with 50% of its staff focused on R&D. UWINLOC is in the transition phase from successful pilots to large industrial deployments. Today, UWINLOC’s patented solution is targeting the Manufacturing and Logistics sectors, and is about to expand to retail and healthcare. Being the first and unique battery-less technology of its kind, UWINLOC is seeking to change the market paradigm to become the world’s new tracking standard for Industry & Logistics 4.0. The solution is particularly suited for tools management, work in progress monitoring & warehouse dynamic management.
“Digital transformation is a major challenge for all sectors. By supplying our customers with our innovative solution, we love to see them progress towards excellence in their manufacturing and logistics operations. Furthermore, we put a big emphasis on our international development and industrialization. We’re moving forward with deployments in the U.S. along with our first projects in Asia” says Eric Cariou — CEO and Co-founder.
Elaia, leading European VC firm specializing in deep tech ventures with global ambition led the round. Three additional funds joined the round: ACE, GALIA Gestion and M-Capital Partners. “We are really pleased with the pool of investors selected. Their mix of expertise, entrepreneurial DNA and financial breadth will contribute to accelerate UWINLOC international development.”
In addition to funding partners, new board members have joined the group this year. “These industry experts, including André Benhamou, were carefully selected to help UWINLOC’s exponential development while focusing on its core value of excellence” adds Eric Cariou.
Marc Rougier, Partner at Elaia, says “Asset tracking is a major stake of the Industry 4.0 revolution. UWINLOC’s unique and patented battery-less technology will be a game changer, as confirmed by the formidable traction they already generated with clients and prospects form the manufacturing and logistic industries.”
Fabien Rizzi, Investment Director at ACE Management adds “This operation is in line with the plan that we established with Eric and his team in 2017. We’re pleased to welcome new added value partners and to keep on supporting UWINLOC development, especially on aerospace and industrial markets.”
UWINLOC offers the world’s first battery-less IoT indoor tracking solution for large volumes of assets. The Industrial IoT solution provides data analysis for industrial leaders to optimize their stock and facilitate Supply Chain management. Founded in 2015, UWINLOC has been awarded for its innovation as La Tribune Toulouse’s Startup of the Year, Best Industrial Renewal Award by the Occitanie region, and Best IoT Innovation at IoT World Paris. Find out more about UWINLOC at www.uwinloc.com.
Originally published on April 27, 2018.