ROCSOLE Raises €5M To Commercialize Its AI Tools For Industrial Automation
Series A Investment Round Led by Springvest was Completed in Record Time
ROCSOLE has successfully completed it’s Series A investment round for 5 million euros. The investment round was led by Springvest Oy and was already completed in a few hours after it was released on November 5th, 2021.
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ROCSOLE has been piloting its innovative and unique solutions in a variety of industries and applications in the past years. The commercialization started during the pandemic and we have been able to grow in this business environment. Supported by the investments, ROCSOLE will continue to grow its’ team, upgrade own infrastructure and facilities as well as dedicate efforts on the scalability and product improvements and features.
“I am very glad to see this response, our team is strong and dedicated with our work to make industries safer and better. This investment turns the page for our company as we start a new chapter. The huge interest from investors, customers and the market is confirming the needs for improved sensor data and analytics allowing for improved operational efficiency which is a critical part in decarbonization. We are now gearing up for our scale-up with an impact in several industries. The coming years are going to be extremely exciting” said Mika Tienhaara, chief executive officer of ROCSOLE.
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“Springvest is built to support the most promising Finnish growth companies on their journey to international success. Rocsole has the potential to make a huge difference through its’ sensor technology and data and analytics solutions. We are proud to be able to back up the commercialization of such technologies. Springvest is looking forward to a continuous cooperation with Rocsole in the future and we are eager to see the company grow as a result of this funding” said Jouni Mäkelä, chief investment analyst of Springvest.
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