Danish contech startup Sensohive Technologies receives significant equity investment for its concrete sensors and launches in North American market #Startups - The Entrepreneurial Way with A.I.

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Friday, September 20, 2019

Danish contech startup Sensohive Technologies receives significant equity investment for its concrete sensors and launches in North American market #Startups

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Concrete sensors are one of the newest and one of the fastest-growing IoT solutions in one of the least digitised industries – the construction sector.

Odense, Denmark-based Sensohive Technologies has developed real-time solution for the remote monitoring of concrete temperature, maturity and strength, Maturix. The data is transmitted from the sensor directly to the cloud, without the need for an intermediary such as a smartphone.

Since the Maturix solution was launched two years ago, it has been adopted by construction companies and precast producers throughout Europe including PASCHAL GmbH, VolkerWessels, Heidelberg Cement, NCC, Skanska and Kruse Smith. Using the sensors, these companies are able to reduce waste, reduce energy consumption (less heating during curing) and more.

Maturix runs on the Sigfox 0G network, the world’s largest IoT network, which covers one billion people in 65 countries. Sigfox’s long-range and low-power demand network allows Sensohive’s sensor batteries to last for up to 10 years. No other concrete sensor can claim such a long life, reliability, reusability and be completely wireless. The data can then be accessed online and documentation ready as you built.

Sensohive has just received a significant investment from Vancouver-based construction company Kryton International in exchange for 30% ownership in the company.

Sensohive was founded in 2014, with the aim to make it easy to collect, analyse and understand value data for your business through wireless sensor solution. In 2016 it launched its first series of sensors, which is now widely used within both the agricultural and the food industry. And in 2017, it launched its concrete monitoring solution.

“We are very excited to be partnering with a global brand like Kryton,” said Sensohive’s CEO and co-founder, Casper Harlev. “Kryton has a long history of success and a well-earned reputation for quality and trust in the global construction industry. We value their substantial experience in bringing innovative and valuable technologies to the concrete construction market.”

Conventional single-use concrete sensors on the market today collect data through Bluetooth NFC, which is transmitted to a phone or device or through a wireless gateway, and usually requires a person to visit the job site and be near the sensor to take the Bluetooth reading and send updates.

Real-time monitoring of structures with Maturix is an evolving field in the construction industry made possible through the rapidly expanding Internet of Things (IoT) – the interconnected digital network allowing everyday objects to be embedded with electronics collecting and sharing data.

“Sensohive’s Maturix technology represents a significant leap forward in construction efficiency and productivity,” said Kryton’s President and CEO Kari Yuers.

Along with the investment comes an exclusive North American distribution agreement. The product will soon be available for the North American market and the first trials have already been started with some leading general contractors and precast producers.





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