Phoenix Contact invests in wind IoT firm Windesco

Dec. 2, 2016
This Series A financing round is a co-investment between Phoenix Contact Innovation Ventures and Rusheen-RWE Commercialisation Partners.

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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