About indurad
indurad is a company based in Aachen (Germany) founded in 2007 was acquired by Hexagon in November 2024. indurad has raised $4.5 million across 2 funding rounds from investors including Hexagon, European Union and Jolimont Global Mining Systems. indurad operates in a competitive market with competitors including AeroScout, MachineMax, Briston Technomach, FuelArk and Real Time Management, among others.
- Headquarter Aachen, Germany
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Natural Resources
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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.
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.
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Provides private equity investments in metals, mining, and critical minerals globally.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Hexagon is recognized for delivering advanced measurement and automation technologies.
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Investor details for indurad
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Investments & Acquisitions by indurad
Investment portfolio details for indurad
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Financial Statements - indurad
Detailed financials for indurad
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Indurad Comparisons
Peer comparison for indurad
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Competitors of indurad
indurad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AeroScout, MachineMax, Briston Technomach, FuelArk and Real Time Management, among others.
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Cloud-based real time location system, asset and fleet management solutions
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A cloud-based platform for managing industrial equipment is offered.
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IoT and M2M technologies for fuel management
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IoT-based fuel and asset management solutions are offered.
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Offers fleet management, vehicle tracking, and OHS solutions for corporate and mining sectors.
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Detailed competitors of indurad
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Latest news on Indurad
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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.
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's top competitors include AeroScout, MachineMax and iVolve.
indurad has 3 investors. Key investors include Hexagon, European Union, and Jolimont Global Mining Systems.