FORCEBIT funding news – Leuven-based FORCEBIT Secures €275k in Funding
Sep 9, 2024 | By Team SR
FORCEBIT, an innovative sensor technology company, secures €275k in funding through BAN Flanders, BeAngels, and Imec-Istart. This funding, combined with a VLAIO O&O grant, will be used to further develop FORCEBIT’s technology and realize the company’s growth ambitions.
SUMMARY
- FORCEBIT, an innovative sensor technology company, secures €275k in funding through BAN Flanders, BeAngels, and Imec-Istart.
- Founded in 2022, Forcebit is an inventive company.
It creates cutting-edge measurement systems for machine manufacturers and automakers. State-of-the-art algorithms and a proprietary sensor design enable it to solve difficult and time-consuming force and vibration measurements on spinning drives.
Read also - Stockholm-based Tiptapp Raises €1 Million in Funding
The wide range of applications and excellent precision of FORCEBIT's measuring solutions set them apart and make them an invaluable instrument for increasing the productivity, sustainability, and energy efficiency of machines. It wants to use its smart sensors to mine data, which is the new gold in a world where artificial intelligence (AI) will revolutionize our corporate operations.
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The need for sensors that can operate at faster speeds is rising as electric motors become more and more common. One of the technology issues being addressed by the additional funds is this one. Further market expansion is also a top priority for it. In this, the money from the business angels is quite important.
Jan Croes and Emin Oguz Inci, it's two founders, each contribute a unique blend of technical know-how and industry insight to the company. They intend to add more business development and sales experience to the team shortly. Based on feedback from customers during its initial sales in Belgium, Forcebit is currently concentrating on improving its product. Prior to expanding globally, the company intends to further enhance its sensor technology.
founder Jan Croes said, “With all the trends related to sustainability, the pressure on companies to make their machines more energy-efficient, reliable, and performance-enhancing is increasing,” “High-quality data from machines in operation to truly understand where the improvements lie is crucial. The use of these sensors enable the transition towards a more sustainable energy- and resource usage.”
About Forcebit
Founded in 2022, Forcebit is an inventive company. Their goal is to reduce the time and complexity of measuring rotary drive systems to that of putting on a smartwatch. Forcebit's proprietary technology enables manufacturers to create better machinery and automobiles.