WORLDSENSING announced today a Series B equity investment by a syndicate of blue-chip investors to accelerate its growth and consolidate its global position in the booming industrial and smart cities Internet of Things (IoT) markets.
The investment round is backed by Cisco Investments,Mitsui & Co, Kibo Ventures, Fundación Jose Manuel Entrecanales (FJME) and Endeavor Catalyst. Investors in previous rounds, which include Finaves(the investment platform of IESE Business School), have also participated in this new round. The combination of financial and strategic investors will provide Worldsensing with invaluable support to execute its rapid international growth plans.
The investment comes at a timely moment with IoT markets showing accelerating growth over past months. The funds will be used to expand sales operations of its flagship products to drive expansion in strategic high-growth markets, such as Europe, North and South America and the Middle East.
Worldsensing offers two product portfolios today. For the Industrial sector, the company offers solutions that enable the monitoring of assets in challenging locations for Civil Engineering, Mining, and Oil & Gas customers. The company’s second area of focus is the Mobility sector, where it offers the leading smart parking solution and solutions that enhance traffic management and urban mobility through real-time traffic and pedestrians flow information.
Worldsensing has deployed its solutions across four continents, to clients in the USA, the UK, Italy, Spain, Australia, Mexico, Brazil, Panama and Colombia. The investment will allow the company to continue its rapid international expansion and to firmly establish itself as the leader in its market segments.