KLM, Schiphol invest in IoT start-up Unagrid

Tuesday 25 August 2015 | 09:42 CET | News
Dutch IoT startup Undagrid announced that it has received an investment from airline KLM and the Amsterdam airport Schiphol via the Mainport Innovation Fund (MIF). Undagrid will use the investment to expand abroad and enter new markets. No details on the type or amount of investment were disclosed. The MIF is an investment fund set up by KLM, Schiphol, Rabobank and TU Delft. Undagrid provides a track-and-trace system for Schiphol to locate ground equipment, such as baggage racks and flight stairs. It set up together with S-P-S Group the joint venture GSETrack, which focuses on selling the

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Categories: Internet / Mobile & Wireless
Countries: Netherlands
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