Series D financing and an acquisition are setting this partnership up for new levels of success
There are exciting deals, and then there are EXCITING deals. This one falls into the latter category. Worldsensing is one of the shining stars in McRock’s portfolio. We have supported their financing rounds over the years because they truly have an innovative and effective solution to help tackle the challenges of climate change in a real and compelling way.
This latest round of financing is led by Bentley Systems–an infrastructure software engineering firm that provides innovative and industry-leading software solutions to professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. The deal also includes acquisition of Bentley’s Thread connectivity device business by Worldsensing which will substantially increase the size of the operation.
The new partnership between Worldsensing and Bentley Systems features a critical go-to-market strategy to monitor critical infrastructure to save lives and protect the environment. The investment will help Worldsensing expand and complement the company’s product portfolio, offering new options to its customers where adaptive sensor integrations or active sensor management are a key requirement.
Partnerships like this truly have the potential to change the world. We couldn’t have envisioned a better marriage ourselves.