About indurad
indurad is a Natural Resources company based in Aachen (Germany) founded in 2007, and was acquired by Hexagon in November 2024. Software solutions to improve mining and material handling process. indurad has raised $4.5 million across 2 funding rounds from investors including Hexagon, European Union and Jolimont Global Mining Systems. Its focus areas include Enterprise Applications, Mining Tech, Operations and Fleet Management.
Company details
Indurad was founded in 2007 in Aachen, Germany, focusing on the mining and material handling sector. Software solutions are developed to automate operations through sensors and radar technology. Intelligent algorithms and tools are created, allowing processes to be optimized for efficiency. These offerings support industrial applications in resource extraction and logistics across Europe and beyond.
- Headquarters Aachen, Germany
- Stage Acquired
- SectorsNatural Resources
- Email••••••••
- Phone•••• ••••
- Website indurad.com
- Social LinkedIn X YouTube
- Acquired by Hexagon (Nov 2024)
Apps and channels of indurad
its YouTube channel indurad - industrial radar company has 70 subscribers and 15 videos.
Videos from indurad
The most watched videos on indurad's YouTube channel, indurad - industrial radar company (70 subscribers). Click a video to play it here.
More on indurad - industrial radar company .
Funding Insights of indurad
indurad has successfully raised a total of $4.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.5M
- Total Rounds 2
- Last Round Series A — $4.5M
- First Round $406,857
(Jan 2016)
- Investors Count 2
All 2 funding rounds of indurad with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2019 | $4.5M | Series A | – | Jolimont Global Mining Systems | – |
| Jan 2016 | $406,857 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in indurad
indurad has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Hexagon, European Union and Jolimont Global Mining Systems.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides private equity investments in metals, mining, and critical minerals globally. | 2003 | jolimontgms.com | Melbourne, Australia | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Hexagon is recognized for delivering advanced measurement and automation technologies. | 1980 | hexagon.com | Stockholm, Sweden |
Investor details for indurad
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of indurad
4 dated milestones of indurad across 17 years, from founding to its latest funding, stage changes and deals.
- Founded indurad is founded.
- Funding First funding round of $407K.
- Funding Latest funding round, Series A, of $4.5M.
- Exit Acquired by Hexagon.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Indurad
Complete news archive for indurad
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about indurad
indurad was founded in 2007 and raised its 1st funding round 9 years after it was founded.
indurad is headquartered in Aachen, Germany. It is registered at Aachen, North Rhine-westphalia, Germany.
indurad is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Grant of $406.86K, raised on Jan 2016.
Indurad was founded in 2007 in Aachen, Germany, focusing on the mining and material handling sector. Software solutions are developed to automate operations through sensors and radar technology. Intelligent algorithms and tools are created, allowing processes to be optimized for efficiency. These offerings support industrial applications in resource extraction and logistics across Europe and beyond.
indurad has 3 investors. Key investors include Hexagon, European Union, and Jolimont Global Mining Systems.
Yes. indurad was acquired by Hexagon in November 2024.