PHILADELPHIA, July 29,
2024 /PRNewswire/ -- Trio Mobil, a leading
provider of AI and IoT solutions for workplace safety and
efficiency and a trusted partner for an impressive roster of
Fortune 500 companies, has secured $26.5M growth financing led
by NewSpring through its dedicated growth equity
strategy, NewSpring Growth, focused on delivering working capital
to scale fast-growing technology companies. Existing investors
212 and TIBAS Ventures also participated in the
round. This investment marks a significant milestone in Trio
Mobil's mission to transform workplace safety and operational
efficiency across various industries.
Trio Mobil is at the forefront of innovation, pioneering
advanced solutions that enhance safety and increase efficiency in
industrial settings. The company offers a robust suite of solutions
that meet the safety and efficiency requirements of intralogistics
in facilities and warehouses, as well as highway operations.
Collaborating with leading global enterprises such as
Coca-Cola, Unilever, St. Gobain, PepsiCo, Mercedes-Benz, Ford,
and Beko, Trio Mobil leverages its cutting-edge AI and IoT
technologies to revolutionize workplace environments. These
solutions enhance safety and advance operational processes,
contributing to more productive industries worldwide. Operating
across 65 countries, Trio Mobil profoundly impacts workplace
safety, protecting over 1 million personnel and inspiring a global
shift towards safer work environments.
Addressing Unresolved Workplace Safety Challenges
Alarming statistics from reputable sources underscore the
urgency and impact of improving workplace safety. The International
Labour Organization reports that almost 3 million people worldwide
die from work-related accidents and diseases each year, and nearly
400 million suffer non-fatal work-related injuries annually. These
figures highlight the critical need for innovative solutions like
those provided by Trio Mobil to mitigate risks and enhance safety
protocols in the workplace.
Trio Mobil distinguishes itself in the market with its
cutting-edge, comprehensive platform that delivers end-to-end
supply chain solutions. This robust platform is enhanced by an
array of AI-powered edge devices, including advanced safety cameras
and wearables for workers, ensuring both operational efficiency and
enhanced safety across various industries.
Trio Mobil's edge AI computing technology, trained on millions
of datasets from various fields, can rapidly identify the most
complex safety scenarios in real-time and proactively initiate
corresponding actions within milliseconds, utilizing its IoT
capabilities. This advanced software sets Trio Mobil's solution
apart, establishing a superior safety network. This system is
designed to help customers achieve their global target of zero
accidents, thereby preserving lives and preventing
injuries.
Enhancing Global Presence and Expanding Innovation
The newly secured funding marks a significant milestone for Trio
Mobil. It enhances the company's ability to support customers
globally, accelerate growth initiatives, and strengthen operations
in the US and international markets. Trio Mobil is set to
revolutionize workplace safety and efficiency on a worldwide scale.
With this investment, Trio Mobil will continue leading the
industry with its unique, innovative solutions that ensure
unmatched effectiveness and safety standards, solidifying its
position as a pioneer in AI and IoT technologies.
Trio Mobil's CEO Nevzat Atakli
and Investors Share Insights on Landmark Funding Round
Nevzat Atakli, CEO and Co-Founder of Trio Mobil,
expressed his excitement about the growth funding: "This funding
marks a pivotal moment for Trio Mobil. It highlights the
transformative potential of our AI and IoT solutions in enhancing
workplace safety and operational efficiency. With this investment,
we are excited to advance our innovations and better support our
global customers in all their operations worldwide. Our mission is
to ensure that every worker returns home safely, and this funding
brings us significantly closer to achieving that vision on a wider
scale."
Hart Callahan, NewSpring Partner, commented on the
investment: "Trio Mobil's groundbreaking AI and IoT technologies
provide a comprehensive safety network that ensures unmatched
protection across various industries. This unique approach aligns
perfectly with NewSpring Growth's commitment to supporting
visionary founders and entrepreneurs. The potential for Trio Mobil
to set new standards and drive advancements in their field is
significant. We are excited to partner with this team as they
expand their global impact and revolutionize workplace safety and
efficiency."
Numan Numan, Partner at
212, shared insights on the company's growth: "From the early days
as Trio Mobil's initial VC backer, we've watched them soar from
promising startup to industry pioneer. Their cutting-edge
technology and visionary team aren't just tapping into the
workplace safety market – they're poised to revolutionize it
globally, redefining the future of IoT industries worldwide. We're
thrilled to welcome NewSpring as we embark on the next chapter of
this extraordinary journey."
About Trio Mobil
Trio Mobil is a US-based company offering the industry's only
combined AI and IoT safety and efficiency solutions for
manufacturing and warehousing businesses. With over 500,000
connected devices in 65 countries and 2,000+ customers, Trio Mobil
has been instrumental in enhancing the operations of well-known
brands such as Coca-Cola, Unilever, PepsiCo, Mercedes-Benz, Ford,
Beko, and many more.
The company takes pride in its track record of saving lives and
preventing injuries through innovative solutions. As the industrial
safety and efficiency market grows, Trio Mobil remains committed to
addressing unresolved safety issues and driving exponential
growth.
For more information on Trio Mobil's solutions,
visit www.triomobil.com.
About NewSpring
NewSpring partners with the innovators, makers, and operators of
high-performing companies in dynamic industries to catalyze new
growth and seize compelling opportunities. The Firm manages
approximately $3.5 billion across
five distinct strategies covering the spectrum from growth equity
and control buyouts to mezzanine debt. Having completed over 250
investments, NewSpring brings a wealth of knowledge, experience,
and resources to take growing companies to the next level and
beyond.
Partnering with management teams to help develop their
businesses into market leaders, NewSpring identifies opportunities
and builds relationships using its network of industry leaders and
influencers across a wide array of operational areas and
industries.
To learn more, visit www.newspringcapital.com.
About 212
212 is a venture capital firm with deeply rooted global
networks that bring in growth partners and back bold, growth-stage
tech companies across Turkey, CEE,
and MENA. Currently, the fund manages over $130M of committed capital across 30 active
investments. 212's time-tested strategy is to advance B2B tech
solutions with demonstrated traction, a precise product-market fit,
and founders who are ready and eager to scale internationally.
As a firm believer in investing in teams, 212 has built a
diverse and dynamic team over a decade while establishing and
leveraging a robust presence in Istanbul, London, Dubai, Doha, and San
Francisco. Over two funds, 212 has created more than
$2B in value by investing in
early-stage technology startups.
For more information, please visit: www.212.vc
About TIBAS Ventures
TIBAS Ventures (formerly 100th Year Venture Capital) is the
corporate venture capital arm of Isbank, Turkey's first and largest private bank.
Founded in 1924 with the mission of supporting new businesses and
boosting the economy, Isbank continues to support entrepreneurs of
the next century in its 100th year.
TIBAS Ventures supports technology driven global startups with
exceptional founders and committing to their long-term success and
sustainable growth with its sector-agnostic investment
philosophy.
For more information, please visit: https://100yvc.com/
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SOURCE NewSpring