Ampacimon announced a €4 million investment round led by Korys.

Ampacimon, a Liege, Belgium-based developer of grid monitoring solutions, announced securing a €4 million ($4.8M) investment round.

The round was led by Korys and included contributions from existing shareholders Gesval, Creos and Noshaq. The deal also includes a secundary deal, as Elia decided to exit as an investor but remains a major customer of Ampacimon. 

The money will enable Ampacimon to further accelerate its growth through innovative projects to develop new monitoring solutions, in particular for distribution networks. To do this, Ampacimon continues to invest in numerous research projects in order to diversify its applications. Next to that, the company is also considering acquisition opportunities.

Ampacimon, led by Gaëtan Servais and founded in 2010 based on research carried out since 2003 at the University of Liège, offers monitoring solutions for power grids, tracking the capacity of high-voltage lines in real time, by equipping them with autonomous and communicating sensors. Software applications then enable customers to monitor in real time and forecast the use of their electricity networks.

In May 2017, Ampacimon launched its fully owned subsidiary in North America, Ampacimon Inc, headquartered in Atlanta, GA.