Warsaw-based Cthings.co Raises €4.5 Million To Expand Edge Computing Solutions For Industry 4.0 Worldwide

CTHINGS.CO, a Polish startup specializing in creating innovative solutions in the area of 5G, IoT sensor networks and cloud applications, has raised €4.5 million for international expansion. The funding round involved Orlen VC, PKO VC, Freya Capital and an existing investor, Level2 Ventures. The company specializes in building 5G, IoT, and edge computing solutions for Industry 4.0 and organizations managing distributed data acquisition infrastructure. The company’s portfolio includes the 5G Suite system, hardware such as the 5G IoT Gateway, and CLASP – a sensor system for monitoring the safety and position of moving objects. The raised capital will be used to accelerate expansion in foreign markets, build international structures and further product development.