Aloxy, an Antwerp-based company specializing in Industrial Internet of Things (IIoT) solutions, has secured €7.4 million in funding from Dow Venture Capital and Emerson Ventures. The investment aims to support the company’s international expansion and the development of new technologies for industrial applications. Aloxy provides wireless sensor solutions designed to enhance operational efficiency and safety in industries such as oil, gas, and chemicals. The company’s latest funding round includes contributions from existing investors like Qbic fund, Industrya fund, Innovation fund, imec.istart fund, and the University of Antwerp.
Previously, Aloxy has received financial backing from several institutional investors, allowing it to refine its IIoT technology and secure partnerships with industry leaders. The company, founded in 2018 as a spin-off from the University of Antwerp and imec, has steadily expanded its global footprint, operating in more than 30 countries. Over time, it has strengthened its collaborations with major corporations such as Dow, Shell, BASF, Chevron, and Halliburton, ensuring its solutions are integrated into critical industrial operations.
What Does Aloxy’s Technology Offer?
Aloxy’s IIoT solutions focus on monitoring manual valve positions, emergency showers, and other critical industrial equipment. The company’s sensors provide real-time data to prevent operational failures and reduce risks associated with human errors. By leveraging low-power wide-area network (LPWAN) technologies like LoRaWAN, Aloxy ensures cost-effective connectivity across large industrial sites.
Beyond improving equipment monitoring, Aloxy’s software solutions help industries analyze collected data to optimize workflow efficiency. These tools enable automated reporting and predictive maintenance, reducing downtime and improving overall performance. The integration of such technology aligns with the ongoing digital transformation in industries seeking automation and operational insights.
How Will the New Investment Be Utilized?
The company plans to use the newly acquired funds to scale its operations globally and enhance its product portfolio. Aloxy aims to introduce new IIoT solutions tailored to industrial challenges, ensuring that companies can achieve higher efficiency and safety in their processes.
CEO Frank Gielissen expressed confidence in the partnership with Dow and Emerson, stating:
“The investment and partnership with Dow and Emerson will further accelerate the adoption of IIoT technologies and create unique opportunities to develop additional solutions that generate real value for the end user. The team is excited to work with Dow and Emerson to take the company to the next level.”
The funding also provides an opportunity for Aloxy to enhance its software capabilities, making it easier for industries to integrate IIoT systems into their existing operations. The company is focused on expanding its customer base while maintaining collaborations with industry giants.
As industries continue to embrace digitalization, companies like Aloxy play a role in enabling smart operations. The adoption of IIoT solutions is driven by the need for efficiency, cost reduction, and safety improvements. Aloxy’s ability to offer real-time monitoring and automation solutions makes it relevant in industrial settings where manual operations still exist. With significant backing from investors and established relationships with major industry players, the company is positioned to extend its reach further. However, the effectiveness of its expansion will depend on how well it adapts its technology to meet the evolving demands of industrial automation.
