Industrya invests in Aloxy to scale up Industrial Internet of Things solutions globally
June 16th 2022
Industrya‘s fifth investment is called Aloxy. Aloxy is a spin-off of imec and University of Antwerp that develops plug-and-play Internet of Things technology for the chemical and energy industry. A consortium of investors, Industrya, QBIC II, Innovation Fund, imec.istart and the University of Antwerp have joined forces with the team to invest € 3.8 million in the scale up and further growth of Aloxy. In the coming year, the company will focus on growing its sales activities as well as expanding the product range and further developing the Aloxy Industrial IoT Hub platform.
Industrya is John Cockerill’s hands-on investment fund that operates exclusively in the industry 4.0, energy transition and new materials sectors. This Industrya’s fifth investment illustrates our Group’s ambition to support innovation.
Alexandre Braconnier, Chief Investment Officer of Industrya, says: “We have been impressed by the quality of the team and the solution developed by Aloxy. The market potential is large. The precise monitoring of valves is a crucial safety element for the oil & gas sector as well as other manufacturing and industrial sectors. Aloxy was therefore a logical investment for Industrya and we are looking forward to supporting the company in its international development.”
