Belgian industrial IoT startup Sensolus has raised €3.5 million to develop and expand its logistics system, which helps companies track non-powered assets (or devices and equipment that aren’t ‘smart’) in supply chains and industrial manufacturing. The investment came from btov Partners, Annie Vereecken, Capricorn ICT Arkiv and Quest for Growth. The latter two investors led a €2.75 million funding round three years ago.
The Ghent-based company got started in 2013 and created a solution for logistics and supply chain processes depending on transport carriers which aren’t connected to the internet. Sensolus delevoped a wireless tracker that lasts seven years without charging, which can communicate with the internet in real-time and collect data on location and activity.
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