French sensor startup looks to merger after approach
French sensor startup Terabee has raised €1.27m and says it is evaluating a range of options for future investment.
“We are happy that our existing investors have shown their support via this capital increase. It allows us time to strengthen our commercial position while we consider several interesting options as we prepare the next stage of Terabee’s evolution,” says Max Ruffo, CEO & Founder of Terabee.
The Terabee board is currently evaluating several unsolicited options, including a merger with a young, high potential company and other possible M&A with existing market leaders. An option for classic fundraising is also under consideration in view of forecast year-end results which will result in a fourth consecutive year of growth.
Terabee develops multiple sensing technologies for sensor modules and sensor-based solutions for smart buildings, smart agriculture, industry 4.0 and mobile robotics.
Founded in 2012, the company is employs more than 50 people from its headquarters in Pays de Gex, close to Geneva. Terabee is a CERN Technology Partner and has received funding from the European Union’s Horizon 2020 research and innovation programme.
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