McRock Capital
  • Home
  • Team
    • What's Shakin'
    • Blog
    • Diversity
  • Investments
  • Industrial Internet
  • IIoT Symposium
  • Videos
  • Contact Us

Why Our Latest Investment in a Barcelona Smart City Company is a Bridge to McRock's Future

7/20/2017

0 Comments

 
Picture
Start small, think big and cross that bridge safely.

The story is beyond compelling. An iconic 14th century bridge in Italy, the Ponte Vecchio, was feared to be on the verge of collapse in May 2016 when a part of the road surrounding the bridge fell into a sinkhole. The city of Florence looked to Worldsensing, a Barcelona-based tech company, to monitor the historical bridge using wireless sensors and data analytics to ensure the safety of the thousands of pedestrians that cross the structure daily. Worldsensing’s Industrial Internet of Things (IIoT) technology was already used in hundreds of locations around the world including Singaporean tunnels, German bridges and Chilean mines. The solution combines low-power wide area sensor networks with software analytics to provide real-time information on critical assets necessary to predict and respond to changes that may occur.

Worldsensing started small in 2008 by the Spanish road cyclist Ignasi Vilajosana and today has 73 employees and is a global leader in providing smart city and IIoT solutions. The company has over 200 customers across 50 countries connecting systems, people and infrastructure. This enables real-time decision-making, helping optimize city traffic flow, monitor critical infrastructure projects & assets and deliver insights in mining operations. Cities around the world, such as Casablanca, Guadalajara and Bogota, have turned to Worldsensing to provide up-to-the-minute intelligence on all aspects of a city’s operations from traffic optimization, HOV lane management, parking availability to police force utilization and security monitoring.

McRock's €3.5 million investment in Worldsensing is pivotal in several ways. It was our first co-investment alongside Cisco Systems, one of our corporate partners and investors in McRock. It marks our entry into Europe which is a hot bed of activity in the IIoT sector driven by what the Europeans call Industry 4.0. Lastly, it gets us even closer to large Industrial companies such as Siemens and Pitney Bowes who in this case, both have a significant focus on smart city solutions which happens to be one of the fastest growing areas of the IIoT. These are all important accomplishments as we build a world class IIoT fund headquartered in Canada. Start small, think big and cross that bridge safely.

Author: Scott MacDonald, Co-founder and Managing Partner
0 Comments

    Author

    Founders of McRock Capital.

    Archives

    March 2018
    February 2018
    January 2018
    December 2017
    September 2017
    August 2017
    July 2017
    June 2017
    March 2017
    July 2016
    June 2016
    March 2016
    November 2015
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    March 2014
    February 2014
    November 2013
    September 2013
    August 2013

    Categories

    All

    RSS Feed

Picture
147 Liberty Street
Toronto, Ontario
Canada  M6K 3G3
(647) 478-9337

Company

Home
Industrial Internet
Team
News
Contact Us

Entrepreneurs

McRock Talk
Journey Videos
Blog

Investors

Log In
Picture
Tweets by @McRockCapital
Copyright © 2014  I  642 King Street West, Suite 219, Toronto  I  647-478-9337  I  1-877-819-0559 


share

McRock Capital 2017

McRock Capital
✕