LEUVEN, Belgium, Oct. 10, 2018 – VersaSense, a privately held Belgian industrial Internet of Things (IoT) company, today announced the completion of a financing round with the Gemma Frisius Fund. Existing investors, including the company founders as well as KU Leuven Research & Development, are also participating to the new round of financing which will bring the total amount of funds raised to date in excess of €1M. VersaSense will use the proceeds of this investment to expand its global commercial activities.
VersaSense’s IoT technology already powers diverse application domains, including production line monitoring, energy management and preventative maintenance. Their client base includes Fortune-500 and multinational companies in 30 countries worldwide.