Brno, Czech Republic (PRWEB) September 02, 2015
September 2, 2015 – Y Soft Ventures announced today that it has provided a first round venture funding to Sewio Networks, a Czech Republic-based young company focused on providing precise indoor positioning applying a unique radio technology. Sewio’s unique radio technology outperforms current indoor positioning systems based on Wi-Fi or iBeacon and can fully substitute current GPS systems in areas where existing precision or coverage is not sufficient. Moreover, the precise sub-meter indoor tracking offered by Sewio’s products open new application areas and markets which were not possible before.
In addition to providing one million (US dollars) in funding, Y Soft Ventures, as the venture capital arm of Y Soft Corporation, is able to provide Sewio resources to speed up their time to success including manufacturing, global distribution and logistics, marketing and HR. These resources are often lacking in such promising early-stage companies.
Sewio Networks, with its focus on hardware and software development, its wide-range applicability and dedicated management team, has demonstrated that they are well-suited to operate on a global scale.
“The Sewio team has shown early signs of success in wireless sensor innovation and building a market for their solutions,” said Miloš Sochor, Y Soft Ventures Managing Director. “The potential to become a leader in real-time location technology is very apparent,” he added.
Sewio develops Real-Time Location Systems (RTLS) and has the ambition to bring a new generation of active RFID systems with embedded location features to many areas including:
Automotive and Factory Production – Attached to cars in the factory production line, RTLS sensors can detect the precise location to monitor the position of assembled car. In addition Sewio offers solutions for the navigation of automatic guided vehicles distributing parts over the production floor and controlling the utilization of forklifts and other instrumental vehicles. The activation of the proper tools based on proximity detection in automotive or other types of factory production is another added value of Sewio’s indoor tracking technology.
Mining and other hazardous industries – Wireless virtual fences around dangerous mining and drilling machines can trigger an automatic shut off when a human proximity danger is detected. Its size, mobility and fast response offer many advantages over existing safety systems. The Sewio Proximity Detection System, adheres to the new European standard EN 16228 for the safety of drilling and foundation equipment.
Entertainment – Localization technology can be utilized to help event organizers with security staff management; RTLS sensors can track a band member’s movement on stage for precise lighting, camera and sound automatic control.
Retail and Indoor Stadiums – Indoor location mapping provides opportunities to track and increase sales and provide targeted promotions.
Drone navigation: With the increased use of drones in various industries, Sewio solutions help precisely navigate drones in outdoor/indoor areas thereby automating the flying process.
Warehousing: Applying the RTLS technology to forklifts and instrumental tools, the goods management and pick up process can be significantly optimized.
Location devices and RTLS kits are available for purchase from Sewio.net. Additionally, Sewio’s low-power wireless platform can be fully customized to meet the product and service needs of its customers.
“Y Soft has proven that Czech startups can go global. With their experience in hardware and software sales, manufacturing know-how and other resources, we have a partner that offers more than just funding. We are proud to say that our technology has the potential to “save money” in production industries and to “save lives” in mining and construction industries. We feel that Y Soft Ventures is truly invested in our success,” said Milan Simek, CEO of Sewio.
About Sewio Networks
Sewio solutions use precise location data and wireless sensors to help find, protect, optimize or control the things that matter the most – people, equipment and assets. Using ultra-wide band radio technology, real-time location and modern web based technologies for monitoring and control, Sewio’s solutions are used to protect the safety of employees and machinery, find efficiencies in production and warehousing, and improve processes. Sewio products are used in a wide range of industries including automotive, warehousing and logistics, entertainment, retail, mining and healthcare. Learn more at http://www.sewio.net.
About Y Soft Ventures
Y Soft Ventures is the venture capital arm of Y Soft Corporation. Based on a “Genuinely Smarter Money” approach, the group looks to invest in innovative startups whose promising products or services combine software and hardware to deliver solutions with far-reaching potential. In addition to funding, Y Soft Ventures is able to use its resources in manufacturing, global distribution, marketing and logistics to increase the speed of success. http://www.ysoftventures.com.