Brandl & Talos has advised BTOV's Industrial Technologies Fund on its participation in ToolSense's three million euro financing round that also included AWS Grunderfonds, Segnalita Ventures, Martin Global AG, and Dr. Georg Hoblik GmbH.
By networking sensor data from machines, analyzing, and evaluating them, ToolSense — which was founded in 2017 — supports the digitization and automation of the mechanical engineering industry. According to Brandl & Talos, "a specially developed sensor hardware is attached to each machine, and the associated software reads out the data. By analyzing and evaluating the data, for example, necessary repairs can be identified in advance, even before damage occurs — depending on the individual maintenance requirements. The location and condition of the machines can be called up at any time. Process costs for service cases can thus be reduced by up to 90 percent. All data is bundled on an after-sales platform."
The Brandl & Talos transaction team consisted of Partner Roman Rericha, Attorney Markus Arzt, and Associate Sonam Schima.
Several years ago, Brandl & Talos advised AWS Grunderfonds on its initial investment in ToolSense (as reported by CEE Legal Matters on December 10, 2018).