Matterwave Ventures
Assembly Line
Firecell raises €6.6M Seed funding for 5G industrial solution
Firecell announced the completion of a €6.6 million Seed round in equity led by Ventech and Matterwave Ventures, accompanied by Bpifrance’s Digital Venture fund and Bouygues Telecom Initiative. The funds will be used to develop a new range of products with new features such as geolocation and protection against cyber-attacks. They will also help deploy Firecell’s offering in Europe, notably in Germany, the leading European industrial market, where the startup is establishing a subsidiary, and to recruit new team members.
By reducing the footprint of 5G technologies to operate on standard servers and through strategic partnerships with renowned manufacturers, Firecell enables industrial enterprises of all sizes to pave the way for a smart industry.
Innerspace secures € 5.7 Million for Further Expansion to the USA
The Innsbruck-based tech start-up Innerspace, which enables risk assessment of production processes and effective training of cleanroom personnel for leading pharmaceutical companies using software and Virtual Reality (VR), can advance its growth trajectory after a highly successful funding round. In July, U.S. investor Riverside invested in the Tyrolean company. Just days before the year-end, Innerspace finalized a substantial seed round with the new lead investor Matterwave Ventures. The existing three investors, MAD Ventures, aws Gründungsfonds, and High-Tech Gründerfonds, also reinvested.
With the fresh capital, Innerspace will expand its international market presence and further develop its unique “Frame-by-Frame” technology. The Tyrolean company will focus even more on the large growth market in America in the future. Numerous renowned pharmaceutical companies worldwide already trust the company’s expertise.