Firecell raises $7.2 million to build 5G solutions for industrial applications

Private 5G connectivity provider Firecell today raises €6.6 million ($7.2 million) in an equity seed round led by Ventech and Matterwave Ventures to develop a range of 5G solutions to power industrial smart applications announced that it did.

Bpifrance’s Digital Venture Fund and Bouygues Telecom Initiative also participated in the funding round.

Founded in 2021, Firecell provides cost-effective and user-friendly private 5G installations for businesses and industrial complexes that require wireless connectivity. The company’s solution offers superior communication capabilities over WiFi with a more robust connection for large and complex spaces, with a simple 5G setup that can accelerate cost-effectiveness and efficiency gains. It says.

The company, which operates in approximately 20 countries, has already signed contracts with 75 customers, including SNCF, Airbus, Thales, Fives, US Army, US Department of Energy, ID Logistics, Campus Schwarzwald and Team Henri Fabre. I’m here.

With Firecell’s solution, complexes and campuses over 30,000 square meters can be covered with full 5G with less than five access points. This means you can quickly and easily set up warehouses, distribution centers, call centers, campuses, etc. with less infrastructure. The company said its platform is also secure with native communications encryption that is compatible with the latest industrial systems.

“This funding will enable us to accelerate deployment and provide industrial enterprises with cutting-edge connectivity to meet their growing communications and data management needs,” said Claude Seira, co-founder and CEO of Firecell. We will be able to respond.”

According to the company, although industrial digitization is progressing, only 3% of French factories use wireless communication. The development and use of 5G will pave the way for higher levels of connectivity with machines and devices using telemetry through the Internet of Things, making every machineindustrial metaverse” Customers can use data from factories and machinery to simulate factories and warehouses on a digital twin cloud, but first they need a mobile data network that can transport the information that supports these simulations.

Other factories are starting to use autonomous drones and robots internally and vehicles around their campuses. 5G’s enhanced bandwidth and improved reliability will reduce downtime for robots and autonomous delivery vehicles and improve connectivity to central networks when delivering packages and completing tasks.

5G, the fifth generation technology standard for broadband cellular networks, promises to deliver 10 times the bandwidth and up to 10 Gbit/s of 4G networks, as well as reduce latency and improve reliability. This positions us to power an industrial metaverse that can support factory simulation and drive the future of industry. Mixed reality and virtual reality devices.

“To deliver on the promise of industrial transformation, businesses need secure, reliable, and high-performance wireless connectivity,” said Silviu Apostu, Principal at Matterwave Ventures. “In a short period of time, Firecell built a compelling product and convinced demanding customers to put it into production.”

To help more companies realize the future of digital industries, the Internet of Things, and the Metaverse, Firecell will use the funding to add new features to its product line, including geolocation and cyber-attack protection. He said he would add it. The company also said it intends to roll out its products in Europe, particularly Germany, where Firecell has established a subsidiary. Firecell also plans to grow its team by approximately 15 people and expand its engineering, research and sales teams.

Photo: Pixabay