"The company will use the financing to expand its international sales capacity. Helin offers an edge computing platform that allows industrial companies to monitor and control their installations anywhere in the world, even without a stable internet connection. Think of offshore drilling platforms, wind and solar parks, or other critical infrastructure. What these environments all have in common is that a cloud connection is not always available or secure."
"Paul Pruijmboom, partner at FORWARD.one and board member at Helin, emphasizes that the company has proven its added value under challenging circumstances. "The platform is used by customers, is growing, and is valued by major industrial players." With this investment, FORWARD.one aims to increase commercial clout and roll out the platform on a larger scale within complex organizations. The Amsterdam-based investment company focuses on early-stage European startups with defensive innovations for large markets."
Helin raised €10 million led by FORWARD.one, following an earlier Rabobank loan, to further develop and scale its edge AI platform and expand international sales. The platform enables industrial companies to monitor and control installations globally even without stable internet, supporting offshore drilling platforms, wind and solar parks, and other critical infrastructure. The platform runs AI locally at the edge to mitigate operational risks from connection problems or delays. New rules like the Cyber Resilience Act increase the importance of processing data where it is collected. Helin employs over 80 people, grew revenue twelvefold in three years, and counts BP, Shell, Boskalis, Stena, and Sunrock as customers.
Read at Techzine Global
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