LEA invests in real-time locating technology provider Quantitec

Karlsruhe, Germany, 17th April 2019 – Quantitec, a real-time IoT sensor platform for precise end-to-end positioning and tracking of assets and in-house transportation, has received 3.9 million euro in fresh capital for fueling its expansion. The financing round was led by LEA Partners with participation of Vito Ventures and previous investors TEV (Tengelmann Ventures) and several business angels. The latest funding will enable Quantitec to strengthen the market-leading position of its end-to-end real-time locating system (RTLS) in production and logistics.

Quantitec develops leading hardware and software for real-time object positioning and tracking in production and logistics. Their powerful industrial IoT platform INTRANAV acts as an holistic system, allowing companies to locate objects in motion indoors and outdoors, in real-time and with highest accuracy. 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 is a solution for a variety of challenges.

INTRANAV enables the data basis for smart and transparent production processes. With real-time data, companies can plan and adapt their processes to be more efficient and flexible.

The system enables companies collecting end-to-end data in interlinked logistics processes and track assets across the entire supply chain, identifying and thus eliminating inefficiencies. As an example, mixed fleets of autonomous guided vehicles (AGV’s) and classic forklifts can navigate to dynamic destinations and automatically detect when people or other "assets in motion" are nearby and react accordingly.

“Real-time Business Intelligence and Locating Intelligence are key factors for the industry of the future,” says Bernhard Janke, Principal at LEA Partners.“ Quantitec’s INTRANAV platform offers maximum interoperability with very low latency, providing the backbone for production and logistics of tomorrow”.

Herbert Mangesius of Vito Ventures comments: “Quantitec's technology is proving to be far more powerful and robust than its competitors in the industrial space. This has also been demonstrated by a benchmark from Microsoft Research. With the associated software and intelligent middleware for autonomous vehicles, customers receive a holistic end-to-end solution”.

“Currently, our main focus is addressing the German-speaking market, but we plan to further expand our platform” says Ersan Günes, co-founder and CEO of Quantitec. “We want to be become the market-leader in RTLS-based asset and production tracking and implement IntraNav in every digital factory.”

The next evolutionary stage of Quantitec’s IntraNav technology is planned for the middle of this year. The company is expanding its technology portfolio especially for AGV’s and the automation of the connected factory with comprehensive new IoT analytics functions and future technologies such as 5G.

This year, for the second time, Quantitec has been awarded the first place within “VW’s Logistic Innovation Scouting Top 10 Innovators”, an annual worldwide innovation competition in which Volkswagen Group Logistics together with the Institute for Production Management (IPM) selects the most innovative suppliers in automotive logistics.

About Quantitec

Quantitec is an innovative and fast growing real-time IoT sensor platform company specializing in indoor locating (RTLS) hardware and software. Its INTRANAV system is precise, easily scalable, industrially suitable and robust. With its unique geolocation technology, Quantitec offers new ways and solutions to make machine and vehicle movements more transparent. Customers and partners include global players such as Volkswagen, Daimler and DB Schenker. Quantitec was founded in 2013 by Ersan Günes and Gonzalo Ibarra who met during their electrical engineering studies at Darmstadt Technical University.

About LEA Partners

LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Founded in 2002, LEA Partners has advised on the investment in several companies. Operating out of Karlsruhe, one of Europe's largest technology clusters, its mission is to fund and support ambitious founders and executives by leveraging them with practical, hands-on growth expertise to achieve market leadership.

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