Le Lézard
Classified in: Mining industry, Business
Subjects: TNM, JVN

3DSignals Extends Round A Funding To $20.5M With Investment From Mercura Capital GMBH

KFAR SABA, Israel, Oct. 16, 2019 /PRNewswire-PRWeb/ -- 3DSignals, a pioneer in digitalization of production floors using Industrial IoT technology, announced today that it has extended its Round A funding and raised additional $8.5M in an investment led by Mercura Capital GMBH, a fund of the Schuler-Voith family, one of Germany's traditional and well established industrial families. Existing investors SOMV and Grove Ventures also participated in the round, bringing total funding to date to $26 million.

Following the closing of an initial Round A of $12M only a few months ago, a surge of enthusiasm around the 3DSignals real-time asset performance monitoring (APM) solution arose in Germany. As more than 90% of the machines worldwide are not connected to any network, manufacturers are struggling to make the digitalization leap into industry 4.0. 3DSignals is bridging this gap with a plug & play digitalization solution that enables visualization of the shop floor and provides actionable insights within hours, enabling up to 30% improvement of machine productivity within few months of installation.

"Our recent market traction brought Mercura Capital GmbH to approach us. With their vast experience, knowledge and connections in the German industry, Mercura is an exciting addition to our investors team," said Ariel Rosenfeld, CEO of 3DSignals. "We are honored that our original Round A investors chose to participate in the extension round as well, proving their trust and commitment to our journey," he added.

Ingo Jacoby, Managing Director of Mercura Capital GmbH said: "3DSignals brings true innovation to the industrial world from which we are coming. We are proud to invest in a company which helps its customers to become significantly more productive with a simple, clever and fast-to-implement solution".

"We are excited to continue and invest in 3DSignals' excellent team," said Yuval Baharav, General Partner at State of Mind Ventures. "We are delighted to welcome a new investment from Germany, which is a primary market for industrial IoT in general, and particularly for 3DSignals".

Lotan Levkowitz, Partner at Grove Ventures added that: "This investment follows a broad market acceptance of the 3DSignals solution, and is one more step in its route to success."

3DSignals will be presenting its innovative asset performance monitoring solution at the Productronica trade fair in Munich, November 12-15. Attendees are invited to visit 3DSignals at booth B2.452 to meet with the management team and talk to some of the company's customers.

About 3DSignals:

3DSignals accelerates the digital transformation of manufacturers to the Industry 4.0 era. Our solution enables immediate visibility into production floors, through the quick, non-invasive, and machine agnostic deployment of a wide range of sensors. Our AI-based Asset Performance Monitoring platform transforms this data into powerful insights, providing multiple business intelligence and analysis tools in the cloud. This solution has been proven to significantly improve machine productivity and OEE within 3 months of installation. For more information, visit http://www.3dsignals.com.


SOURCE 3DSignals

These press releases may also interest you

at 11:05
Exxon Mobil Corporation will release fourth quarter 2019 financial results on Friday, January 31, 2020. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief...

at 11:05
ITT Inc. will release its fourth-quarter and full-year 2019 financial results, as well as its outlook for full-year 2020, at 6:45 a.m. Eastern Time, on Friday, February 21, 2020. At 9 a.m. Eastern Time, senior management will review the 2019...

at 11:03
United Kennel Club (UKCtm), today announced a landmark, three-year partnership with Eukanubatm, a premium dog food brand specializing in high-performance nutrition for sporting and working dogs. The partnership begins in 2020 and will run through...

at 11:02
Ascensus?whose technology and expertise help millions of people save for retirement, education, and healthcare?is pleased to announce that it has received the most Best in Class Awards among all providers for plan segments up to $50 million in the...

at 11:01
Bipsync, the Research Management Software (RMS) provider for investment firms, today announces its participation at the Managed Funds Association event, MFA Network 2020, this week. Bipsync will showcase the full spectrum...

at 11:01
High team spirit in the office is an important part of workplace culture: when your office morale is high, so are your KPI's! Leaders in the past have adapted methods to keep office morale up, but have found them ineffective and insufficient long...

News published on 16 october 2019 at 07:00 and distributed by: