Proceedix raises 2 million euros to scale up its enterprise platform

PRESS RELEASE

Proceedix, a game-changing enterprise platform for the digital transformation of enterprise work flows by executing instructions and inspections with mobile and wearable technology, announced today that it has raised 2 million euros in scale-up funding. The funding is being underwritten by the existing shareholders and new investors. The new investors are The Innovation FundSaffelberg Investments and Pentacon.

The funding will be used to accelerate the commercialization of Proceedix in the European and US markets.

The market for enterprise wearable platforms is a fast-growing one. Many companies are launching pilots or production deployments, looking for ways to empower deskless workers with digital technology. We strongly believe that the introduction of Proceedix can increase first-time-right quality performance, improve safety and strengthen lean operations.

Peter Verstraeten, CEO of Proceedix : "Today, companies using Proceedix in their production facilities are demonstrating that digital work instructions on tablets, phones or smart glasses make operators smarter, safer and more efficient. The investment of the initial founders combined with funding by renowned partners with deep industry expertise should put us in pole position as the digital platform for the smart operator in an Industry 4.0 future.”

François Cornelis, Chairman of The Innovation Fund: “The chemical industry is facing the life-threatening challenge of converting to industry 4.0. We actively support this conversion that will raise the productivity of the sector by investing in ICT. We strongly believe in the professionalism and market approach of Proceedix and will facilitate their introduction in the chemical industry.”