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Adveez Raises 3.3M in Series B Funding


Adveez raises 3.3M EUR in Series B funding to expand market presence and accelerate product development of IoT commercial data capture and healthcare safety solutions.

Phoenix, AZ, March 08, 2017 --(PR.com)-- Founded in 2011, Adveez specializes in commercial IoT and Healthcare safety electronics and software, announced that it has completed a Series B round of funding. Plume Finance and M Capital Partners led this investment round with participation from founders and private investors. "This is genuine recognition of the hard work of our staff and a springboard to expand our sales and marketing efforts globally and accelerate our product development to maintain our technological lead," said Karim Ben Dhia, founder and CEO of the company which now has 26 employees.

Adveez’s portfolio of IoT products address data capture needs to improve operational costs and safety. One key market where Adveez has realized notable success, is in airport operations. Ground support equipment is tracked and secured to provide end customers (Airlines and equipment handlers) with dramatic savings in capital expenditures and reduction in accidents. “Data capture is the key to realizing operational cost reduction. Our ground-up hardware designs and UI put the right data into customers’ hands, cost effectively,” Karim said. Adveez’s customers include major airlines and equipment handlers, and currently has end-to-end solutions installed at major airports in Europe and the US.

Adveez is also strongly positioned in the healthcare safety market providing wandering resident management and forthcoming fall detection technology. The roots of this technology stems from the founder’s days as an engineering manager for keyless entry systems at Continental Automotive. The Adveez Wander Management solution provides assisted living facilities with a strong alternative to existing solutions: improved detection performance, the industry’s first Digital Watch Resident Tag, and a system that combines wander management and formal perimeter security.

About Adveez
Adveez designs and manufactures data capture, and hands-free access control hardware and software used in: asset tracking and security, patient/resident safety, and commercial security. Adveez is headquartered in Toulouse, France with an office in Phoenix, Arizona. For more information visit: www.adveez.com.

Contact:
Marco Mularoni
Director of Business Development
602-726-6226
m.mularoni@adveez.com
Contact Information
Adveez
Marco Mularoni
602-729-6226
Contact
www.adveez.com

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