Warsaw-based IoT startup cthings.co closes a €660k seed round
Polish cthings.co has secured €660,000 in a seed funding round from Invento Capital and SATUS Starter VC funds, MamStartup reports.
Led by the CEO Arnold Wierzejski, cthings.co specializes in the creation of modern solutions in the area of IoT sensor networks, LTE and 5G transmission devices, as well as Digital Twin cloud applications.
Its proprietary Intelliventory system enables customers to better manage their processes with real-time analytics, by developing bridging 5G gateways and IoT sensors networks. The system can be used for monitoring the security and location of objects, goods, personnel, alarm communication, and communication with external devices and systems.
So far, cthings.co has already completed pilot implementations of its products for such European companies as Nordic Infrastructure Design, Valmont Structures, Spin Robotics.
The investment will be used for the further implementation of the cthings.co products on European markets, marketing and sales activities, as well as for expanding the team.