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FREMONT, CA: Treon, a Tampere-based company, has raised a €1 million in a seed funding round from a major group of angel investors and Ventech, an early stage VC. The seed funding will enable Treon to continue the development of IoT devices for industrial settings such as Industrial Condition Monitoring and Asset Management, and focus on introducing their current portfolio of products to the market.
The Tampere-based company offers Treon Gateway, an edge computing platform that connects to a mesh of sensor devices to any cloud platform. The company specializes in designing wireless sensors, which are battery operated in a wireless mesh network. Treon Node calculates the indoor environmental air quality via a set of sensors, while Treon industrial Node supervises the statuses of rotating equipment, by measuring the vibrations and surface temperature of the equipment. The Treon Industrial Node has been developed in partnership with Sulzer Ltd. and will be commercially available shortly.
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The company has evolved since its founding as a hardware product design innovator. With the new funding, Treon is set to develop products that aid in seamless transitions from hardware and software to IoT-solutions. A highly qualified and experienced team of innovators with exceptional pedigrees in the company believes that hardware is key to IoT solutions in many verticals. The investors and the team together are building products for the market both for the customer and commercial needs.
The team at Treon is seasoned with experience in the field of Smartphone technology innovation and relentlessly works to convert an idea into a feasible product, which is readily available for mass production. Treon works competently in the fields of Product and project management, system and product architecture design, mechanical and electronic design, wireless connectivity solutions, software design, and prototype building, testing, and design validation. The company originated from Tampere, popularly called the “Silicon Valley of Finland”, has mainly focused its energies on turnkey project designs in IoT.
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