TLDR:
- Firecell, a company based in Nice, France, raised €6.6M in Seed funding.
- The funding round was led by Ventech and Matterwave Ventures, with participation from Bpifrance’s Digital Venture fund and Bouygues Telecom Initiative.
Firecell, a company specializing in connectivity solutions for industrial companies, secured €6.6M in Seed funding. The funding round was led by Ventech and Matterwave Ventures, with participation from Bpifrance’s Digital Venture fund and Bouygues Telecom Initiative. The company plans to use the funds to develop new products with features such as geolocation and protection against cyber-attacks. Additionally, they aim to expand their reach in Europe, particularly in Germany, where they are establishing a subsidiary. The funding will also be used to recruit around fifteen new employees in sales and R&D.
Firecell offers a 5G solution tailored to the needs of industrial environments, providing reliable, secure, high-performance connectivity. The platform covers large warehouses and logistics centers with minimal access points, ensuring efficiency in mobile communications and a high level of security with native communication encryption. The company already serves a diverse client base including SNCF, Airbus, Thales, and the US Army, among others.
This funding round is expected to propel Firecell’s growth and innovation in the industrial connectivity space, allowing them to further establish their presence in key European markets and enhance their product offerings to better serve their clients.
