LEA Partners invests in Quantitec real-time localization technology
Karlsruhe, Germany — Quantitec, developer of a real-time IoT sensor platform for end-to-end location of goods and internal transportation with centimeter accuracy, receives €3.9 million in growth capital. The financing round is led and structured by LEA Partners, other investors are Vito Ventures with renewed participation of Tengelmann Ventures and some business angels. With the support of the new investors, Quantitec intends to extend the market lead of its real-time end-to-end localization system (RTLS) in the field of production and logistics through personnel reinforcement and further technical development.
Quantitec, based in Hofheim am Taunus, Germany, develops leading hardware and software products for real-time object location in production and logistics. The interaction of proprietary sensor systems and the powerful industrial IoT platform IntraNav results in a holistic system for companies to locate objects in production and logistics environments inside and outside with centimeter precision in real time. By fusing a wide variety of sensor data and integrating universal data sources such as UWB, 5G, beacons, GPS or existing ERP, EMS and WMS systems, the IntraNav platform offers solutions to a wide range of problems.
The RTLS platform from Quantitec creates the data basis for intelligent industry and increases process transparency in production. With real-time data, companies can make their processes more efficient and flexible.
For example, end-to-end data collection in chained logistics processes allows companies to track goods across the supply chain, enabling them to identify inefficiencies and address them automatically. In addition to a variety of use cases, even mixed fleets of automated guided vehicles and classic forklifts, for example, can now navigate to dynamic destinations and automatically detect when people or other so-called “assets in motion” are in the vicinity and react accordingly. In addition, Quantitec manages to map individual use cases via the modular expansion of its system and to develop them together with the customer.
“Real-time business intelligence and location intelligence are key factors for the industry of the future,” emphasizes Bernhard Janke (photo), Principal at LEA Partners. “With the IntraNav platform, Quantitec offers the highest interoperability with very low latency. Quantitec thus provides the backbone for tomorrow’s production.”
Herbert Mangesius of Vito Ventures comments: “Quantitec’s technology is proving to be far more performant and robust in an industrial environment than the competition. This has also been shown by a benchmark from Microsoft Research. With the associated software and intelligent middleware for autonomous vehicles, customers receive a holistic end-to-end solution.”
“We are currently still focusing on the German-speaking market, but we plan to roll out our offering beyond that as early as the beginning of next year,” says Ersan Günes, co-founder and CEO of Quantitec. “We want to become the market leader in the RTLS-based asset and production tracking segment and implement IntraNav in every digital factory.”
Quantitec is planning the next evolutionary stage of its IntraNav technology for the middle of this year. The company is expanding its technology portfolio specifically for autonomous vehicles and automation of the connected factory. The product update brings new comprehensive IoT analytics capabilities for automated guided vehicles (AGVs) and already implements future technologies such as 5G.
This year, Quantitec takes first place for the second time among the “Top 10 Innovators of VW Logistic Innovation Scouting,” a worldwide innovation competition in which Volkswagen Group Logistics, together with the Institute for Production Management (IPM), annually selects the most innovative suppliers in automotive logistics.