HTGF invests in rapid control engineering startup Inecosys

Cate­gory: Venture Capi­tal
1. August 2018

Frank­furt a. M. ‑The High-Tech Grün­der­fonds (HTGF) invests a high six-figure amount in the rapid control engi­nee­ring startup Ineco­sys. Ineco­sys GmbH supports its custo­mers in the imple­men­ta­tion of embedded projects through the Rapid Series Deve­lo­p­ment plat­form (RSD). Rese­arch and pre-deve­­lo­p­­ment results are gene­ra­ted in a conti­nuous and agile process on Rapid Control Proto-Typing systems and then trans­fer­red to the requi­re­ments of the final series product. As a result, custo­mers achieve signi­fi­cantly acce­le­ra­ted time to market while redu­cing over­all deve­lo­p­ment costs.

Acce­le­ra­ted deve­lo­p­ment with lower embedded hard­ware costs Agility, acce­le­ra­ted time-to-market and digi­ta­liza­tion are just a few of the chal­lenges facing compa­nies today. Ineco­sys GmbH supports its custo­mers in the imple­men­ta­tion of embedded projects and offers with RSD a plat­form to reduce over­all project costs and acce­le­rate the time to market. The range of services offe­red by Ineco­sys GmbH extends from the provi­sion of the plat­form and the imple­men­ta­tion of the process to deve­lo­p­ment services and series produc­tion. So far, Ineco­sys has mainly coun­ted compa­nies from the auto­mo­tive sector among its well-known customers.

Deve­lo­p­ment of the plat­form and addres­sing new markets
With the seed invest­ment, HTGF is finan­cing the deve­lo­p­ment of the RSD process and the under­ly­ing embedded hard­ware. With this new plat­form, addi­tio­nal custo­mers from the mecha­ni­cal and plant engi­nee­ring, produc­tion, energy and cons­truc­tion machi­nery sectors will be addres­sed in addi­tion to exis­ting customers.

“Our custo­mers deve­lop very complex and cost-inten­­sive devices and systems in small quan­ti­ties and have high demands on the under­ly­ing control units. Often, howe­ver, without having suffi­ci­ent deve­lo­p­ment resour­ces of their own available for this,” says Thomas Zimmer one of the mana­ging direc­tors of Ineco­sys. “We support our custo­mers with our tools and process in the deve­lo­p­ment of embedded compon­ents and complete systems,” Zimmer added. The aim is to quickly and easily trans­fer the know-how from rese­arch and pre-deve­­lo­p­­ment to series deve­lo­p­ment, thus offe­ring the custo­mer the afore­men­tio­ned time and cost advantages.

Gregor Haidl, Invest­ment Mana­ger of HTGF, adds: “The skills and profes­sio­na­lism of the team in combi­na­tion with a good product idea and posi­tive refe­ren­ces from previous custo­mer projects have convin­ced us. Ineco­sys GmbH’s end-to-end rapid series deve­lo­p­ment plat­form provi­des an important corner­stone for auto­ma­ting ECU deve­lo­p­ment, which is still very manual in some cases, in the future.”

About Ineco­sys
Ineco­sys GmbH was foun­ded in 2014 by three PhD students from the Chair of Combus­tion Engi­nes at the Tech­ni­cal Univer­sity of Munich. The foun­ders brought their exper­tise in test bench control and rapid control proto­ty­p­ing to the company during ECU deve­lo­p­ment. Self-finan­­ced, Ineco­sys GmbH worked in the field of rese­arch and pre-deve­­lo­p­­ment for various well-known custo­mers. Alre­ady, their custo­mers have been able to achieve signi­fi­cant time and cost advan­ta­ges by using rapid control proto­ty­p­ing during the early stages of product deve­lo­p­ment.

About High-Tech Grün­der­fonds (HTGF)
The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy start­ups with growth poten­tial. With a total volume of 892.5 million euros distri­bu­ted across three funds (272 million euros Fund I, 304 million euros Fund II, 316.5 million euros Fund III) and an inter­na­tio­nal part­ner network, HTGF has alre­ady shaped 500 start­ups into compa­nies since 2005. His team of expe­ri­en­ced invest­ment mana­gers and startup experts accom­pa­nies the deve­lo­p­ment of the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups in the soft­ware, media and Inter­net sectors, as well as hard­ware, auto­ma­tion, health care, chemi­cals and life scien­ces. More than €1.5 billion in capi­tal has been inves­ted in the HTGF port­fo­lio by exter­nal inves­tors in over 1,200 follow-on finan­cing rounds to date. The fund has successfully sold shares in more than 90 companies.

Inves­tors in the public-private part­ner­ship include the German Fede­ral Minis­try for Econo­mic Affairs and Energy, KfW, the Fraun­ho­­fer-Gesel­l­­schaft and the busi­ness enter­pri­ses ALTANA, BASF, Bay- er, Boeh­rin­ger Ingel­heim, B.Braun, Robert Bosch, BÜFA, CEWE, Deut­sche Post DHL, Dräger, Dril­lisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Betei­li­gungs GmbH & Co. KG, PHOENIX CONTACT, Post­bank, QIAGEN, RWE Gene­ra­tion SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Infor­ma­tik, WACKER and Wilh. Werhahn KG.

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