The sensors of the startup should make the supply chain more transparent. With private and public funds, the young company wants to convince more companies.
A particularly energy efficient network protocol for the supply chain. This is what the startup Blackbox Solutions based in the Munich area is focusing on. The team uses low power wide area network LPWAN technologies to communicate sensors. This should enable sensors to transmit information about goods over a long period of time.
Investors are rewarded for this approach. Blackbox Solutions concludes a first financing round for two million euros. The capital comes from a mixture of private and public investors. A private investor from the Bay Startup network is just as important as Bayern Kapital, a subsidiary of LfA Förderbank Bayern, and the semi state early stage financier High Tech Gründerfonds.
Many startups are working on the supply chain
In addition, Blackbox Solutions claims to have secured funds from the Bavarian program for the promotion of technology oriented startups, BayTOU for short. Startup founder Wolfgang Vogl is pleased about a powerful consortium. According to their own information, the customer base already includes companies from industry, automobile manufacturers and logistics service providers.
Numerous startups work on digital solutions around the supply chain. Just yesterday, the company Sustainabill announced the entry of GLS Bank the Cologne startup wants to build a transparent database of suppliers. The Swiss startup Nexiot is also counting on monitoring the supply chain with the aid of sensors. Here, lenders even invested a good 13 million euros this week.
Also published on Medium.