HTGF invests in rapid control engineering startup Inecosys
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.”
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. www.inecosys.de
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.