Diversified conglomerate Mitsui and networking technology manufacturer Cisco were among the investors in a series B round of undisclosed size closed by Spain-based internet-of-things technology developer Worldsensing yesterday.
Cisco, which took part in the round through its Cisco Investments subsidiary, and Mitsui were joined in the round by Kibo Ventures, Fundación Jose Manuel Entrecanales, Endeavor Catalyst and Worldsensing’s series A investors.
Worldsensing has not disclosed its series A funding details, but the round’s investors included Finaves, the IESE Business School’s investment platform.
The company provides software to customers in the civil engineering, mining, oil and gas industries that is used to monitor assets in difficult locations, as well as smart parking and traffic technology for the mobility sector.
Worldsenssing is currently present in nine markets across four continents. The funding will support expansion in markets across Europe, the Middle East, North and South America.