RETHING IoT Technologies pc Chalandri, Greece

Company Website: https://www.rething.io

Company Email: costas.theodoropoulos@rething.io

Employees: 7

Funding State: Series A


Industries

  • Environment & Energy (GreenTech, CleanTech)

Technology

  • AI
  • Cloud Computing
  • Data Analytics - Big Data
  • Hardware
  • IoT
  • Sensors
  • Software

Business Model

  • B2B
  • B2B2C
  • B2G

Revenue Model

  • Price per Use
  • SaaS
  • Subscription

Funding Sources

  • Loan
  • Self

About

RETHING’s IIOT solution revolutionize the asset and energy management processes by introducing more automation, real-time data analysis, intelligent decision-making in an integration with maintenance management systems offered in SaaS model targeting not only big Enterprises but small and medium size businesses as well. IoT technologies enable intelligent, data-driven energy management systems that lead to improved energy efficiency, cost savings, and more sustainable business. Traditional preventive maintenance tactics include routine inspections and scheduled repairs. The asset owners and maintenance professionals want to move from corrective and preventive maintenance to the condition based and predictive maintenance tactics. This will reduce maintenance costs and it will crease asset availability.


Solution & Product

Our core offering, relies on our powerful and flexible, end-to end Asset Monitoring, energy management and Asset Maintenance Management solution exploiting Machine Learning and AI technologies . Our overall offering, includes two standalone software products , but also totally complementary and seamlessly integrated with smart wireless IoT devices. These are: •A complete IoT platform •A modern Computerized Maintenance Management System (CMMS) •Smart wireless low power devices and industrial gateways We capitalize on state-of-the-art technologies including: IoT, smart wireless low power devices, Machine Learning both on the IoT devices and on platform, AI and Big Data Analytics. We offer end-to-end secure solution which is ease customizable to any business and it is also easily integrated with enterprise applications.


Innovation & Scalability

Traditional preventive maintenance tactics include routine inspections and scheduled repairs. The asset owners and maintenance professionals want to move from corrective and preventive maintenance to the condition based and predictive maintenance tactics. This will reduce maintenance costs and it will crease asset availability. Through the use of sensors and IoT data collection smart devices mounted on equipment, maintenance professionals will be able to monitor assets more effectively. Data collected from equipment will be stored in our IoT cloud application and connected to modern maintenance management systems, making it even easier to track important information including usage meters (products produced, mileage for vehicles) or condition monitoring such as temperature or vibration spikes. This information can then trigger work requests based on defined thresholds in the Maintenance Management platform. This feedback loop can happen in real time, improving reliability and productivity The solution is a SaaS solution so it is scalable and expandable in various verticals


Traction & achievements

A number of entriprises are already using our services. We run pilot projects with others and we have built an oportunity pipeline.


Team & Why Us

The founders are a team of experienced professionals with many years of experience in Telecommunications, IoT and IT industry. Their skills along with their professional experience guarantee a sustainable growth in the highly competitive ICT and IoT market. Key members of the team have developed and promoted award winning profitable IoT solutions at global level. Proven track record of successful IT projects execution in Europe and the Middle East. Innovative process and policy maker, promoting project delivery optimization and operations management.


Funding Needs

The need for funding is estimated in 2M euros in the next 3 years.


ONE LINER

IoT enabled asset and energy management solution provider.


TEAM


FUNDING

2022 - Seed, Loan / Investment Bank EUR 80K, ALPHA

PATENTS


AWARDS


INCUBATIONS/ACCELERATIONS

2020 - Program Egg

Jobs


Perks