Core Sensing secures 4.5 million euros

The start-up successfully closes its Series A financing round. The Darmstadt-based company can inspire Occident, among others.

Darmstadt-based start-up Core Sensing has successfully completed its Series A financing round and raised a total of 4.5 million euros from various venture capitalists. The round was led by Occident, with Poppe + Potthoff and BHS Corrugated, a machine and plant manufacturer, also participating. BMH Hessen also invested via its Hessen Kapital III fund.

The start-up was spun out of the Technical University of Darmstadt in 2019 and collects and analyzes measurement data, mostly from machines and vehicles. The company then wants to use algorithms to find ways to improve the operation of the machines. According to its own information, the start-up has since been able to acquire well-known customers for its sensor solution.

"The conclusion of the financing round is an important endorsement of our product and the work of the entire team. We are proud that we were able to close the financing with such a diversified consortium and that we were able to bring important expertise into the company in addition to fresh capital," says Martin Krech, CEO and co-founder of the start-up. His co-founder Markus Hessinger says: "The investment really helps us to get more horsepower on the road and to further expand our team, which now numbers 30".