* This financing round allows Barbara IoT, the leader in edge computing in
* Caixa Capital Risc and
The Spanish start-up led by David Purón and
Founded in 2016, Barbara IoT will use this capital injection to consolidate its leadership in the smart grid industry and to expand into new markets in the critical infrastructure sector.
Through its software, the company collects data from sensors and industrial equipment, and runs artificial intelligence algorithms to detect anomalies or automate processes in real time. The system does not require use of the cloud and significantly reduces the cost of data processing and the risk of cyber-attacks.
Managing the risk of cyber-attacks is key for critical sectors such as electricity, water management and critical infrastructure services, as well as transport and logistics. Barbara IoT already works with clients such as
"We want to become the reference for edge computing implementation," said David Purón, co-founder and CEO of Barbara IoT. "We already work with multinationals in sectors such as electricity, water management, critical infrastructure and telecommunications. This financing round will allow us to grow in these markets and accelerate our European expansion."
Barbara IoT's technology allows real-time processing and data analysis in photovoltaic plants, high and medium voltage grids, as well as substations. It enables the startup to develop new formulas that will accelerate the development of smart grids, positioning Barbara IoT as the leading company in IoT and edge computing deployments within the energy sector.
The financing round was also backed by GoHub,
Roma Jelinskaite, who led the deal on behalf of Caixa Capital Risc, said: "I believe that the next phase of Industry 4.0 will focus on edge computing. Industrial companies are increasingly moving away from a centralized cloud model while developing a specific focus on solving security problems and threats. We believe Barbara IoT can become a leading cyber-security industrial edge computing platform provider for industrial companies in the critical infrastructure sector."
Caixa Capital Risc, which is leading this round, is focused on investing in and supporting startups with strong innovation capabilities in cutting-edge B2B markets such as Industry 4.0 and cybersecurity, and in technologies such as edge computing and artificial intelligence, whose application is essential in critical infrastructures worldwide.
Óscar Cantalejo, head of Perseo's venture capital program, added: "The collaboration with Barbara IoT is part of our commitment to the most promising start-ups through Perseo and helps us reinforce our leadership in the digitization of smart grids, one of the growth vectors of the future. In addition to our equity stake, we will contribute with our expertise in the energy sector to accelerate the growth of the company."
With this investment,
About Barbara IoT
Barbara IoT is a technology-based start-up that enables industrial companies to digitize their processes and become more resilient to cyber-attacks. Founded in 2016 by the same team that created the Blackphone, the world's first secure Android phone, Barbara IoT is already working with multinationals in critical environments such as energy, water management, emergency services and more. The track-record of its founding team, its rapid growth, and its proprietary 'Thin Edge' technology, put Barbara on the path to be a benchmark in the Industrial IoT and Edge Computing markets, which are projected to be worth
https://barbaraiot.com
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About Caixa Capital Risc
Caixa Capital Risc, CriteriaCaixa's venture capital manager, is one of the main venture capital investors in
Through its specialized technology funds, Caixa Capital Risc invests in innovative companies with a B2B business model and a strong technological component, led by committed entrepreneurs, with scalable value propositions and a vocation to build a global business.
www.caixacapitalrisc.es
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