
We develop products that allow manufacturers to easily monitor energy consumption and gain insight into machine maintenance. Our focus is on making smart monitoring simple. We do this by offering a solution that is easy to install and use. In addition, our consultants provide customized advice appropriate to your plant’s situation.

We develop products that allow manufacturers to easily monitor energy consumption and gain insight into machine maintenance. Our focus is on making smart monitoring simple. We do this by offering a solution that is easy to install and use. In addition, our consultants provide customized advice appropriate to your plant’s situation.
What they do: Hardware-enabled SaaS for machine-level energy monitoring, predictive maintenance and efficiency advice for manufacturers
Founded / HQ: 2016; Utrecht, Netherlands
Scale & customers: Reported ~1,900 customers and operations in 50+ countries
Funding: Multiple rounds including Series A (2021) and Series B (2022, 2023); total funding reported ~USD 20.29M
Exit / M&A: Acquisition by ABB announced; expected close Q1 2025
Industrial energy monitoring, efficiency and predictive maintenance
2016
IT Services and IT Consulting
€25,000,000
Series B announced July 19, 2023; investors reported to include Blume Equity, SET Ventures, Korys and FORWARD.one
€13,000,000
Series B reported Jan 28, 2022 with participation from FORWARD.one, Korys and SET Ventures
€3,700,000
Series A reported March 2021 with investors including EIT InnoEnergy, FORWARD.one and Korys
€1,250,000
Round reported July 2019
“Investors reported to include FORWARD.one, Korys, SET Ventures and Blume Equity; strategic exit via acquisition by ABB announced for close in Q1 2025”
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