Warsaw-based CTHINGS.CO raises €4.5 million to expand edge computing solutions for industry 4.0 worldwide
Summary
CTHINGS.CO, a Polish startup specializing in creating innovative solutions in the area of 5G, IoT sensor networks and cloud applications, has raised €4.5 million for international expansion. CTHINGS.CO specializes in building 5G, IoT, and edge computing solutions for Industry 4.0 and organizations managing distributed data acquisition infrastructure. Our priority is to take a key place in the 5G technology ecosystem of the industrial sector.” The company’s portfolio includes the 5G Suite system for real-time collection of data from distributed IoT sensor networks and efficient remote management through the Orchestra Platform; hardware such as the 5G IoT Gateway for the collection and simultaneous local processing of large portions of data; and CLASP – a sensor system for monitoring the safety and position of moving objects. The integration of connectivity across an increasing number of devices is one of the main drivers of the rapid adoption of IoT solutions in the global economy, and we see CTHINGS.CO as a potential leader in this market. We are supporting this start-up because we are seeing a growing interest in smart solutions for industry in Poland and Europe, and the Polish company is effectively responding to these needs and has good prospects for further growth.”