EIB Invests €15 Million Into KINEXON to Scale Its IoT Technology
Ambroise Fayolle, EIB Vice-President: “At the EIB, we strive to support companies that shape the future. KINEXON is such a company and given how they seized the opportunity to make use of their knowledge and expertise during the COVID-crisis, I am thrilled that we can bolster their creativity and vision with EIB financing.”
The European Investment Bank (EIB) and KINEXON, a Munich-based global technology leader that develops hardware and software solutions, have signed a €15 million venture debt loan to promote KINEXON’s real-time localisation technology, which enables objects or people to interact in a smarter, more efficient way using the internet of things (IoT). The financing will help KINEXON to expand in Europe, the US and Asia and support the development of new products including enhanced data analytics and artificial intelligence. The transaction is supported by the European Fund for Strategic Investments (EFSI). EFSI is the financial heart of the Investment Plan for Europe, under which the EIB and the European Commission work together to remove obstacles to investment and make smarter use of financial resources.
KINEXON’s expertise is in sensor network development, edge computing and real-time process automation. In addition, the company focuses on the use of ultra-wide band technology, which offers superior accuracy, reliability, safety and scalability compared to Bluetooth or Wi-Fi. KINEXON’s technology provides solutions in production and logistics – for instance in process analysis and optimisation, automation and robotics. In sport, the company enables in-depth performance analytics, injury prevention and next-generation fan engagement. It is also proving useful in the current pandemic: KINEXON’s SafeZone application captures risk encounters live, to the nearest centimetre and on and anonymous basis. A small, wearable sensor warns users if they are below the physical distance recommended to prevent coronavirus infection. If an infection is detected in a group of employees or athletes, SafeZone identifies critical contacts with other team members in accordance with data protection regulations. The solution does not record any movement, position or health data of employees – it simply measures the distance between two sensors and the duration of contact. This technology provides effective protection and ensures business continuity.
“We are entering a period in which the internet of things is as common and as important as electricity or running water,” said Ambroise Fayolle, EIB Vice-President in charge of innovation, lending in Germany and EFSI. “Already today, it is making our lives easier in many respects, from improved health to education, transportation, manufacturing or agriculture. At the EIB, we strive to support companies that shape the future. KINEXON is such a company and given how they seized the opportunity to make use of their knowledge and expertise during the COVID-crisis, I am thrilled that we can bolster their creativity and vision with EIB financing.”
“Europe is in pole position to shape the future of IoT. With our real-time operating system, we want to play a leading role in connecting these ‘things’ and making them interact in a fully automated way. Over the past few years, the need for our solution has led to annual triple-digit growth,” said Oliver Trinchera, co-founder and managing director of KINEXON. “With the EIB, we have found a partner that supports us in keeping that momentum up and even accelerating the digitalisation of the worlds of industry and sport. While the pandemic has brought a lot of challenges for economies around the world, it has also shown the need for more resilience and greater digitalisation of manufacturing and supply chains. KINEXON is perfectly placed to address these trends – not least because of our most recent innovation SafeZone, which has become the pioneering digital solution in battling COVID-19.”
KINEXON launched SafeZone just a few weeks after the COVID-19 lockdown in Germany. In the meantime, it has become the leading digital protection in the fight against COVID-19. Renowned companies and organisations are using the application. To develop this and other IoT technologies, KINEXON will receive the EIB venture debt loan in three tranches upon the completion of pre-defined milestones.
KINEXON Integrates with ServiceNow to Help Facilitate a Safe and Efficient Reopening
Leading workflow and contact tracing solutions integrate to provide a safe pathway to return to work amidst the COVID-19 pandemic
EBI partners with KINEXON for leading Distance Monitoring & Contact Tracing Solution
Implementation of KINEXON SafeZone as Workplace Health & Safety solution with EBI helps employees maintain proper physical distancing and companies quickly track potential COVID-19 exposure
Telekom and KINEXON with new technology to combat COVID-19
T‑Systems and its partner Kinexon have developed a warning technology for companies. This enables companies to detect infection chains at an early stage. The new offering is called “Enterprise Protection System (EPS)”.
DB Schenker: Modern Sensor Technology Reduces Infection-Critical Contacts
Innovative strength and responsibility go hand in hand — At its Neu-Isenburg site, DB Schenker has implemented health and safety protocols with the use of modern sensor technology to provide employees with the best possible protection in times of COVID-19.
KINEXON Wins 2021 IoT Sensor Innovation of the Year Award
Today, the 5th annual IoT Breakthrough Awards program announced that KINEXON SafeZone, the world’s most trusted solution for contact warning and contact tracing, has been selected as the winner of the 2021 “IoT Sensor Innovation of the Year” award. The awards are conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market.
Oerlikon Expands Use of World-Leading Digital Solution for Contact Warning & Tracing
From employees, to customers, to business partners — to enable safe and reliable production operations in times of COVID-19, the Swiss company Oerlikon relies on KINEXON SafeZone, the world’s most trusted digital solution for proximity warning and contact tracing.
IoT Solutions for Next Generation Factory Automation & More Resilience: KINEXON Joins the AWS Partner Network
It’s a match: KINEXON and Amazon Web Services. KINEXON is now a part of the AWS Partner Network. KINEXON offers both factory automation and worker safety solutions on AWS. During the COVID-19 pandemic, KINEXON SafeZone has become the world’s most trusted digital solution, for contact warning and tracing.
SC Rapperswil-Jona Lakers starts the new season with KINEXON
With the SC Rapperswil-Jona Lakers, the Swiss professional ice hockey league now uses real-time analysis technology from KINEXON. The club hopes that the digitalization measure will be an important step to reach the next level of performance.
KINEXON and Comdirect Look Back on Successful Partnership
Since 2018, KINEXON and comdirect have successfully completed numerous projects together. From the DVV Cup Final, the Techniker Beach Tour, to the Beach Volleyball World Cup 2019, KINEXON and comdirect have provided a next level digital sports experience. Due to the current situation and the cancellation of various sporting events, the partnership will be dissolved by mutual agreement. However, both partners are looking back at the partnership in a very positive way.
Spotlight on Employee Protection: Henkel Relies on KINEXON SafeZone
Henkel, one of the world’s leading suppliers of FMCG products, relies on digital innovation to protect its employees during the COVID-19 pandemic. Following a successful pilot phase by Henkel Laundry & Home Care, KINEXON SafeZone is now being implemented in a Henkel production facility in Poland.
KINEXON Partners With Sporta To Implement Next Level Sports Technology In Japan
Together with Sporta, KINEXON has officially introduced its next level technology to the rapidly growing Japanese sports market. Alvark Tokyo, the reigning back-to-back champion of Japan’s top professional basketball league, has become the first Asian sports team to implement KINEXON’s cutting-edge solution.