Core Sensing secures 4.5 million euros

The start-up can successfully conclude 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, raising a total of €4.5 million from various venture capitalists. The round was led by Occident, with other investors including Poppe + Potthoff and BHS Corrugated, a machinery and equipment manufacturer. Also invested is BMH Hessen through its Hessen Kapital III fund.

The start-up was spun out of Darmstadt Technical University in 2019 and collects and analyzes measurement data, mostly from machines and vehicles. Through algorithms, the company then aims to find opportunities for improvement in the operation of the machines. According to its own information, the start-up has in the meantime been able to win well-known customers for its sensor solution.

"The closing of the financing round is an important confirmation 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 helps us a lot to get more horsepower on the road and to further expand our team, which now consists of 30 people."