17.04.2019

Quantitec GmbH receives investments from LEA Partners, TEV and Vito Ventures

Quantitec, developer of a real-time IoT sensor platform for centimetre-accurate end-to-end location of goods and internal means of transport, receives fresh capital for expansion. The growth financing is being led by LEA Partners and Vito Ventures with renewed participation by TEV (Tengelmann Ventures) and a number of business angels. With this million-dollar financing, Quantitec intends to extend the market lead of its real-time end-to-end localisation system (RTLS) in the production and logistics sector by increasing its staff and developing its technology.

Quantitec, based in Frankfurt am Main, develops leading hardware and software products for real-time object location in production and logistics. The interaction of its own sensor systems and the powerful INTRANAV industrial IoT platform provides companies with an integrated system for locating objects in production and logistics environments inside and outside in real time with centimetre precision. Through the fusion of different sensor data and the integration of universal data sources such as UWB, 5G, Beacons, GPS or existing ERP, EMS and WMS systems, the IntraNav platform offers solutions for a variety of problems.

The RTLS platform from Quantitec creates the data basis for the 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 interlinked logistics processes enables companies to track goods throughout the entire supply chain, thus identifying inefficiencies and eliminating them automatically. In addition to a variety of use cases, even mixed fleets of driverless transport systems and classic forklifts can now, for example, drive to dynamic destinations and automatically recognize when people or other so-called “assets in motion” are in the vicinity and react accordingly. In addition, Quantitec is able to map individual use cases via the modular expansion of its system and develop them with the customer.

To finance growth, Quantitec has now acquired strong partners in LEA Partners and Vito Ventures in addition to existing investor Tengelmann Ventures (TEV). Together, they will now build up the market leader position and scale internationally in line with their clients.

“Real-time business intelligence and location intelligence are key factors for the industry of the future,” emphasizes Bernhard Janke, Principal at LEA Partners. “With the IntraNav platform, Quantitec offers maximum 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 that of its competitors. A benchmark from Microsoft Research has also shown this. With the associated software and the intelligent middleware for autonomous vehicles, customers receive a holistic end-to-end solution”. Vito Ventures has a strong network in the industrial middle class. Several partners are already planning to use the Quantitec solution.

“We are currently still focusing on the German-speaking market, but we are planning to roll out our offering beyond that at the beginning of next year,” says Ersan Günes, co-founder and managing director of Quantitec. “We want to become market leader in the segment of RTLS-based asset and production tracking 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 the automation of the networked factory. The product update brings new comprehensive IoT analytics functions for driverless transport systems (AGVs) and already implements future technologies such as 5G.

This year, Quantitec took 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 automobile logistics.

About INTRANAV (formerly Quantitec)

INTRANAV ist ein deutscher Real-Time Location & Sensor-Daten Service Anbieter für industrielle Plattformen zur Integration des Artificial Digital Twins. Mit der Digitalisierung und Bereitstellung zentimetergenauer Echtzeit-Positionsdaten von industriellen Gütern, Transportfahrzeugen und Personen, trägt die INTRANAV RTLS IoT Plattform durch die Automatisierung von Logistik- & Produktionsprozessen, wie Auto-ID Lösungen, Paperless Factory, AGV Management sowie Fahrzeug-Navigation, Echtzeit Materialfluss- und Shopfloor Management zur deutlichen Effizienzsteigerung und Prozesssicherheit, und damit zur Realisierung der Smart Factory, bzw. digitalen Supply Chain bei. INTRANAV stellt neben Echtzeitdaten-Applikationen für den Digital Twin auch Big Data-Real-Time Location Analysen aus einer Plattform Suite zur Verfügung, womit Unternehmen erhebliche Prozessoptimierungen erkennen und datengestützte Entscheidungen treffen können. Kunden und Partner von INTRANAV sind globale Unternehmen wie Volkswagen, Daimler, SAP und DB Schenker. 

About LEA Partners

LEA Partners unterstützt als unternehmerischer Eigenkapitalpartner Gründer und Management-Teams in unterschiedlichen Entwicklungsphasen bei ihrem Wachstum und dem Erreichen einer führenden Marktposition. Mit Sitz in Karlsruhe, einem der größten Technologie-Cluster Europas, hat LEA Partners seit 2002 Investments in zahlreiche Technologieunternehmen betreut. Mit zwei Investitionsvehikeln für alle Unternehmensphasen und einem starken Netzwerk aus operativen Sektor-Experten sowie strategischen Partnern kann LEA Partners substantielle Mehrwerte zur Entwicklung von Technologieunternehmen beisteuern.

Press contact INTRANAV

Madlen Schuster
Digital Marketing Manager

T: +49 6196 2047184
E: press@intranav.com

www.intranav.com

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