ROCSOLE raises €5M in Series A funding
Finland-based ROCSOLE has raised €5M million in its Series A round of funding led by Springvest Oy. The company plans to use the capital raised for talent acquisition, infrastructure upgradation, and product development.
ROCSOLE CEO Mika Tienhaara stated, “I am very glad to see this response, our team is strong and dedicated to our work to make industries safer and better. This investment turns the page for our company as we start a new chapter. The huge interest from investors, customers, and the market is confirming the need for improved sensor data and analytics allowing for improved operational efficiency which is a critical part of decarbonisation. We are now gearing up for our scale-up with an impact in several industries. The coming years are going to be extremely exciting.”
Founded in 2012, the company utilises AI and ML to provide “process insights with tomography solutions for energy efficiency and asset performance optimisation.”
Commenting on the investment, Springvest Oy chief investment analyst Jouni Mäkelä said, “Springvest is built to support the most promising Finnish growth companies on their journey to international success. Rocsole has the potential to make a huge difference through its sensor technology and data and analytics solutions. We are proud to be able to back up the commercialisation of such technologies. Springvest is looking forward to continuous cooperation with Rocsole in the future and we are eager to see the company grow as a result of this funding.”
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