Spain: Web Summit - EIB finances Worldsensing with €10 million to develop next-generation industrial monitoring solution ...Middle East

european union - Economy
source : european union ( Middle East ) () 11
The EIB will provide a €10 million financing to support the R&D strategy of the Spanish scale-up Worldsensing, a widely recognised Internet of Things (IoT) pioneer that focuses on designing IoT solutions for monitoring sensors and operates in more than 60 countries. The EIB long-term and advantageous financing of Worldsensing will support the company's innovation efforts aimed at increasing its production capabilities, developing a portfolio of new products and at enhancing the company’s commercial and distribution network.  The agreement was announced today at Web Summit by EIB Vice-President Ricardo Mourinho Félix and Worldsensing CFO David Deprez.

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