FII leads €17m series-B for Inxpect

Previous backer 360 Capital also took part in the round, alongside new investor 8A+ Real Innovation Fund, a vehicle managed by Banca Generali-backed 8A+ Investimenti.

FII has invested in Inxpect via Fondo Italiano Tecnologia e Crescita (FITEC). The vehicle acquires majority and minority stakes in small and medium-sized Italian companies operating in the technology, media and telecommunications sectors that have a turnover of €5-70m, and deploys equity tickets in the €5-20m range.

Inxpect plans to use the fresh capital to further consolidate its market position, boost its international expansion and launch a new generation of sensors for robotics applications and the Internet of Things (IoT).

Previous funding
Inxpect raised a €5m series-A round led by 360 Capital in June 2019.

Company
Founded in 2015, Inxpect designs and manufactures radar systems for robotics, automation and industrial safety applications.

Inxpect offers radar sensors that work at high sensitivity and detect the micro-movements of a person to prevent accidental machine restarts. The company also manufactures anti-collision systems for bridge cranes as well as sensors for operators performing maintenance inside of a robotic workcell.

The company is headquartered in Brescia, with branches in Florence and Haifa, and employs 40 staff.

People
Inxpect – Luca Salgarelli (co-founder, CEO).
Fondo Italiano d'Investimento – Claudio Catania (senior partner).

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