High-Tech Gründerfonds (HTGF) is investing a high six-figure sum in the Rapid Control Engineering Startup Inecosys.
August 1, 2018
Inecosys GmbH supports its customers in the implementation of embedded projects through the Rapid Series Development Platform (RSD). Research and pre-development results are generated in a continuous and agile process on rapid control prototyping systems and then transferred to the requirements of the final series product. As a result, customers achieve significantly accelerated market readiness with reduced overall development costs at the same time.
Accelerated development with lower costs in the embedded hardware sector
Agility, accelerated time-to-market and digitization are just some of the challenges companies are facing today. Inecosys GmbH supports its customers in the implementation of embedded projects and offers with RSD a platform to reduce the overall project costs and to accelerate the time to a market-ready product. The service offering of Inecosys ranges from the provision of the platform and the implementation of the process to development services and series production. Up to now, Inecosys’ well-known customers have mainly been companies from the automotive sector.
Development of the platform and addressing new markets
With the seed investment, HTGF finances the development of the RSD process and the underlying embedded hardware. With this new platform, additional customers from the mechanical- and plant-engineering, production, energy and construction machinery sectors will be addressed in addition to the existing customers.
“Our customers develop very complex and cost-intensive devices and systems in small quantities and have high requirements on the underlying control units. Often however without having enough own development resources available for it”, says Thomas Zimmer, one of the managing directors of Inecosys. “We support our customers with our tools and our process in the development of embedded components and complete systems,” Zimmer continues. The aim is to transfer research and pre-development know-how quickly and easily into series development, thus offering the above-mentioned time and cost advantages to the customer.
Gregor Haidl, Investment Manager of the HTGF, adds: “The skills and professionalism of the team in conjunction with a good product idea and positive references from previous customer projects have convinced us. Inecosys GmbH’s integrated Rapid Series Development Platform provides an important cornerstone for automating the development of ECUs, some of which are still very manual, in the future”.
Inecosys GmbH was founded in 2014 by three PhD students from the Department of Internal Combustion Engines at the Technical University of Munich. The founders brought their know-how in the field of test bench control and rapid control prototyping in developing ECUs to the company. Inecosys GmbH worked self-financed in research and pre-development for various well-known customers. Their customers have already achieved significant time and cost advantages using rapid control prototyping during the early phase of product development.
About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start- ups. With EUR 892,5 million in total investment volume across three funds (EUR 272 million in HTGF I, EUR 304 million in HTGF II and EUR 316,5 million for HTGF III) and an international network of partners, HTGF has already helped forge 500 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guide the development of young companies. HTGF’s focus is on high-tech start-ups in a range of sectors, including software, media, internet, hardware, automation, health care, chemicals and life sciences.
This group also includes a number of success stories, such as Mister Spex, Rigontec, 6Wunderkin- der, Next Kraftwerke and Cumulocity, as well as Juniqe, an online shop for art enthusiasts. To date, external investors have injected over EUR 1.5 billion into the HTGF portfolio via more than 1,200 follow-on financing rounds. HTGF has also successfully sold interests in more than 90 companies.
Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik and WACKER and Wilh. Werhahn KG.