Andromeda technology fund bets on stoked reality in its alternate investment in companies

Andromeda technology fund bets on stoked reality in its alternate investment in companies

El vehículo de inversión, del que Iberdrola es socio junto al ICO, Nortia y Seaya, permitirá que la compañía potencie su tecnología en el sector artificial
Andromeda continues its roadmap in hunt and prisoner of investments with ESG( environmental, sustainability and governance) attributes. Invested by Iberdrola, the ICO Next Tech Fund, Nortia Capital and Seaya, this investment vehicle has entered the capital of Seabery, a leading Spanish company in stoked Reality applied to the training of artificial gift. It’s its alternate investment, after landing in the company 011h, concentrated on the design and construction of carbon neutralbuildings.The company, innovated by Basilio Marquínez, started its exertion in 2010, when it patented Soldamatic, the first welding training result with stoked Reality simulation that allows unborn welders to acquire the necessary chops before instrument and avoids gratuitous consumption of coffers similar as energy, feasts or essence. The reduction is further than 70 in accoutrements used during training and in contaminant emigrations and waste, while cutting training time by 50. The company’s hallmark is to come a standard in the EdTech and artificial sector of chops- grounded literacy, helping to evolve the traditional educational model and enabling companies to acclimatize to the conditions of Assiduity4.0. Soldamatic is retailed in further than 80 countries on five mainlands, with the United States and Germany as major requests, and is being enforced in leading artificial companies similar as Siemens, Mercedes Benz, Audi, Volkswagen, John Deere andAlstom.With the entry as nonage mates of Andromeda and the Spain Oman Private Equity Fund( SOPEF)- created in 2018 with the end of supporting Spanish companies to develop their internationalisation plans and led by the private equity establishment MCH Private Equity- Seabery plans to boost its transnational expansion in the Asia- Pacific region, increase the penetration and commercialisation of its technology to artificial companies and continue developing its technology with the end of opening new lines of business, similar as training in artificialpainting.The company, grounded in Spain, has further than 100 workers around the world and is targeting youthful people. It aims to attract them and increase the number of good professionals demanded by assiduity worldwide with a system that in the last 10 times has saved the fellow of the material demanded to make the Golden Gate Bridge in San Francisco( United States). Its perpetration in training centres has also led to a drastic reduction in the number of plantaccidents.ANDROMEDA, THE FIRST LARGE TECHNOLOGY FUND IN SPAINAndromeda is the first large technology adventure capital fund to have concrete sustainability objects in line with Composition 9 of the EU Regulation, with clear and measurable environmental, sustainability and governance( ESG)criteria.The fund, which aims to have a size of€ 300 million, is born with public participation of over to€ 100 million through the Next TechFund.This design is part of the Government’s Recovery, Transformation and Resilience Plan, which promotes public-private collaboration in innovative digital systems in high- impact technologies and the development of scale- ups that induce qualityemployment.THE part OF INNOVATION WITH PERSEOWith its participation in Andromeda, Iberdrola took a farther step towards entrepreneurship and technological leadership through its PERSEO start- up programme, which aims to grease the group’s access to the technologies of the future and foster the collaboration and development of a global ecosystem of technological and innovative companies in the electricitysector.The programme has concentrated its conditioning on the analysis of business openings and technological collaboration with launch- ups and arising companies around the world, analysing 900 companies each time and creating an ecosystem of nearly,500 entrepreneurial companies from further than 35countries.Since its creation, the programme has invested€ 100 million in supporting open invention and creating solidarity with launch- ups developing innovative technologies and business models.

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