WiTraC raised €3 million in an investment round led by Goldacre Ventures and Mundi Ventures.
WiTraC, a Valencia, Spain-based company developing Industrial Internet of Things (IIoT) solutions for manufacturing and logistics companies, announced that it closed a capital investment round totalling €3 million ($3.3M)
WiTraC, founded in 2012 by CEO Javier Ferrer and Jose Pons, develops manufacturing hardware and software — advanced IIoT sensor devices and an AI data platform — to aid digital transformation in industrial sectors. The products are specifically focused on optimizing supply chain management. The company's tech is capable of identifying, locating, measuring and controlling any asset anywhere, wirelessly and in real time.
WiTraC has over 50 customers in 15 countries, including Ford Motor Company, Volkswagen Group, Mercadona, and Carrefour.