Wavelogix, a West Lafayette, IN-based provider of a proprietary IoT sensing and data analytics platform, receved $3M in funding.
Rhapsody Venture Partners made the investment.
The company intends to use the funds to expand operations and its development efforts.
Led by President Joseph Turek, Wavelogix is a Purdue University Spinout that has developed a proprietary IoT sensing and data analytics platform, the REBEL concrete strength sensors, for infrastructure quality testing. The technology provides real-time measurements of in-place concrete strength, allowing construction engineers to make accurate, data-driven decisions about materials selection, scheduling, budgets, and resource allocation. Once embedded, the sensors are able to measure in-place strength directly, without any information about the concrete mix.
FinSMEs
29/05/2024