Dutch Startup Helin Raises €10M To Expand Industrial Edge Intelligence Platform

The round was led by Amsterdam-based FORWARD.one and follows a loan secured from Rabobank.

“We already run in critical industrial environments. This investment allows us to scale deployments faster while continuing to meet and optimise strict requirements on uptime, latency, and security,” said Martijn Handels, co-founder and CPTO of Helin.

Founded in 2017, Helin provides real-time monitoring, control, and security for industrial installations in oil and gas, renewable energy, maritime, and manufacturing sectors using edge computing technology.

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Its platform replaces fragmented on-site software and slow cloud analytics, running directly on assets like vessels, offshore platforms, and remote energy sites.

Helin integrates hardware, software and connectivity into a single system, allowing rapid application deployment without changing existing IT setups. Running on-site ensures continuous operation even during connectivity drops enabling real-time decisions in offshore and remote environments where delays or downtime are unacceptable.

“Helin has proved the value of its solution with the most demanding clients. The platform is deployed, expanding, and retained by industrial customers. This investment is about accelerating sales execution and enterprise-level rollouts,” said Paul Pruijmboom, Partner at FORWARD.one and Board Member at Helin.

Helin raised €3 million in its Seed round from FORWARD.one in 2023. This first funding round marked the company’s transition from its initial bootstrap phase to stage of accelerated growth.

“Our goal is to become the world’s leading development platform for industrial AI applications and ultimately reach unicorn status. In the oil and gas sector, we are already an international market leader, and we aim to extend that position to the other industries we operate in. The investment from FORWARD.one allows us to further expand our international sales team and connect with industrial organisations that want to run their AI applications securely and locally,” added Handels.

Operating globally, the Dutch scaleup employs over 80 people and has seen its signed ARR grow twelve-fold in the past three years. Its customers include major operators such as Boskalis, Shell, BP, Stena, and Sunrock.