talpasolutions closes 15 million Euro Series B to boost industrial intelligence in heavy industry

Stuttgart, Germany – Robert Bosch Venture Capital GmbH (Bosch Ventures), the corporate venture capital company of the Bosch Group, has completed an investment in talpasolutions GmbH. talpasolutions, a leading provider of advanced analytics and intelligence solutions, offers a cloud-based software-as-a-Service (SaaS) platform for performance monitoring and optimization of equipment for fleet operators and manufacturers in mining, construction and logistics. Sebastian Kowitz, CEO and co-founder says “We supercharge the digitalization of processes in industries that have traditionally been conservative. Since the foundation of the company, we have been using our deep know-how in data science and mining engineering to create an ecosystem that brings all stakeholders to the table: fleet operators, machine and component manufacturers. For example, we are trusting Bosch Rexroth’s BODAS Connect solution to connect the equipment to the cloud.” talpasolutions is well positioned in the global multi-billion US dollar market. “The wave of connectivity and advanced analytics for heavy equipment is yet to come and talpasolutions complements the existing and established activities of Bosch” says Bosch Ventures managing director Dr. Ingo Ramesohl. “With its advanced analytics platform, talpasolutions platform helps customers not only to monitor their fleet, but more importantly save costs and lift efficiencies to a new level. The cooperation with Bosch Rexroth even accelerates this.”

Power of big data in heavy industry

talpasolutions provides industrial intelligence solutions for fleet management and aftersales. Fleet operators and manufacturers in heavy industries such as mining, construction and logistics use highly specialized, complex and expensive equipment. Maintenance and repair are major cost items, and unplanned downtimes cause huge losses every year. Modern heavy machines are equipped with dozens of sensors and can easily generate multiple gigabytes of sensor data per day that are currently underutilized. talpasolutions’ industrial intelligence platform collects this data and applies data science models to deliver actionable insights to increase asset availability, optimize maintenance, and increase productivity, safety and sustainability.
Leading industry players including Deutz, GHH Fahrzeuge, and an industry leading tyre manufacturer already partner with talpasolutions to gain full transparency of their equipment function. More than 450 machines in mines, quarries and distributed sites on five continents are already connected to the company’s platform which currently processes more data points per second than the German stock exchange. Users of talpasolutions’ SaaS-based interface can monitor the machines in real-time and save time and money through detailed diagnostics, predictions, and alerts.

Join forces with Bosch Rexroth

For a secure and reliable connection of the globally distributed equipment to their cloud-based platform, talpasolutions trusts Bosch Rexroth’s connectivity solution BODAS Connect. Bosch Ventures’ investment into talpasolutions paves the way to a fruitful cooperation between talpasolutions and Bosch Rexroth. “This cooperation can provide OEMs and their customers with a clear value add to optimize processes and machine use. We thus can expand our value proposition by being able to offer the competencies of talpasolutions’ process-oriented platform as an extension of our BODAS Connect solution” emphasizes Dr. Christian Grabe, Business Owner IoT and Telematics at Bosch Rexroth.
As one of the world’s leading suppliers of drive and control technologies, Bosch Rexroth provides the scalable and future-proof IoT and Telematics solution BODAS Connect, including secure and stable over-the-air updates of globally distributed fleets.

Strong Investor syndicate

Bosch Ventures leads the oversubscribed round together with MIG Capital. The round includes participation from new investors Hannover Digital Investments (CVC arm of HDI Group) and Prospect Mining Studio, as well as from existing investors High-Tech Gründerfonds, Gründerfonds Ruhr, NRW.BANK, RAG Stiftung and F-LOG Ventures. The funding round will enable talpasolutions to enhance its industrial intelligence platform and grow globally across all target sectors such as mining, construction, logistics and other heavy industries.