talpasolutions Raises €15 Million in Series B  

by Kay Aloha Villamor in April 14th, 2023

talpasolutions, an Essen, Germany-based IIoT (Industrial Internet of Things), analytics, and intelligence solution provider for heavy industry, raised €15 million in a Series B funding round led by Bosch Ventures and MIG Capital.

Fresh investors such as Hannover Digital Investments, Prospect Mining Studio, / newlab Ventures as well as existing investors including High-Tech Gründerfonds (HTGF), Gründerfonds Ruhr, and NRW.BANK, RAG-Stiftung, and F-LOG Ventures also participated in the round.

The funding will enable talpasolutions to enhance its industrial intelligence platform and expand from mining into construction, logistics, and other heavy industries.

talpasolutions provides industrial fleet management aftersales solutions to fleet operators and manufacturers in mining and other heavy industries. 

“We supercharge the digitalization of processes in industries that have traditionally been conservative. Since our launch in 2016, we have been using our deep know-how in mining engineering and data science to create an ecosystem that brings diverse stakeholders to the table: fleet operators, machine, and component manufacturers.“ – Sebastian-Friedrich Kowitz, CEO and co-founder of talpasolutions.

Talpasolutions has formed partnerships with several renowned fleet-intensive enterprises, such as Deutz, GHH Fahrzeuge, and a top-tier tire manufacturer in the industry, to acquire complete visibility into their equipment operations. Over 450 machines situated across mines, quarries, and various locations across five continents have already been integrated with the company's platform.

The platform processes a higher volume of data points per second than the German stock exchange. Through talpasolutions' software-as-a-service (SaaS) interface, users can track the machines' current status and forecasts in real-time, and benefit from detailed diagnostics and alerts that help them save time and expenses.

Company: talpasolutions GmbH

Raised: €15.0M

Round: Series B

Funding Month: March 2023

Lead Investors: Bosch Ventures and MIG Capital

Additional Investors: Hannover Digital Investments, and Prospect Mining Studio / newlab Ventures, High-Tech Gründerfonds (HTGF), Gründerfonds Ruhr, NRW.BANK, RAG-Stiftung, and F-LOG Ventures

Company Website: https://talpasolutions.com/

Software Category: Predictive Analytics SaaS platform

About the Company: Founded in 2016, talpasolutions’ mission is to empower its clients with AI-driven solutions to improve their bottom line and help them achieve their goals by providing state-of-the-art tools for fleet optimization and aftersales management. The company’s predictive data platform includes real-time analytics and advanced algorithms to automate workflows and streamline communication between fleet managers, operators of equipment, and dispatchers. talpasolutions’ AI technology enables predictive maintenance and operations optimization in fleet-intensive industries, ensuring that equipment is always in optimal condition and fleet operations work at the highest level possible.

Source: https://www.htgf.de/en/htgf-series-b-talpasolutions/

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