Internet-of-Things Pioneer Worldsensing Closes Series B Funding Round to Accelerate Growth

Internet-of-Things Pioneer Worldsensing Closes Series B Funding Round

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.

About WorldsensingWorldsensing

Worldsensing is a technological company founded by four engineers: Ignasi Vilajosana, Xavier Vilajosana, Jordi Llosa and Mischa Döhler. Created in 2008 in Barcelona, it has offices in Barcelona and London and it has already become a referent within Smart City and IoT sectors, holding projects in 14 countries and counting on a team of 40 highly qualified employees. Worldsensing revolutionises traffic management and the industrial world through solutions based on wireless sensored networks allowing detection and data capture in real time.

On one hand, its Traffic Division holds a unique traffic management portfolio for Smart Cities that includes Bitcarrier, a real-time traffic management solution, and its smart parking system Fastprk, holding the iconic project that transformed Moscow into a smart city (end of 2013) by deploying more than 12,000 parking sensors. On the other hand, its Industrial Division offers wireless monitoring solutions for civil infrastructures by deploying Loadsensing and by launching Spidernano, one of the world’s most advanced seismic acquisition systems.

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