Phoenix Contact invests in wind IoT firm Windesco

This Series A financing round is a co-investment between Phoenix Contact Innovation Ventures and Rusheen-RWE Commercialisation Partners.

Dec. 2, 2016

Phoenix Contact Innovation Ventures GmbH, the venture capital company of the Phoenix Contact Group, has invested in Windesco Inc, provider of Internet of Things solutions.

The Boston-based Windesco is a hardware/software solutions provider for wind-power assets. According to Phoenix Contact, it will provide automation infrastructure solutions to help Windesco execute and accelerate the value proposition for the wind energy industry.

“Windesco aims to fill a big gap in the growing wind industry by providing an OEM-independent optimization platform using advanced sensors, cloud-based analytics, and business model innovation”, said Mohit Dua, founder and CEO of Windesco.

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