Miller Magazine Issue: 113 May 2019

28 NEWS MAY 2019 TeleSense acquires Webstech to extend into European market TeleSense, an IoT technology innovator providing soluti- ons to improve grain storage, announced the acquisition of Webstech, a Danish wireless sensor technology company with a strong European user base. With the acquisition, Tele- Sense now has access to the largest remote-sensed dataset in the world and can offer current customers a complete suite of proven sensor technologies built to work in grain storage environments worldwide. “Spoilage and energy optimization in drying grain con- tinue to be multi-billion dollar issues; TeleSense provides the data insights needed for players throughout the global grain ecosystem to improve safety and profitability,” noted TeleSense CEO Naeem Zafar. “The acquisition of Webstech greatly accelerates our entry into the European market and provides millions of additional historical data points to furt- her refine our machine learning technology and predictive algorithms.” Already deployed across the United States and Australia, grain storage operators and transporters around the globe can now increase profits by alleviating spoilage and reducing quality degradation with TeleSense GrainSafe™. The scalab- le artificial intelligence (AI) platform continuously monitors temperature and humidity via portable and fixed wireless sensors to provide a real-time, comprehensive view of stored grain conditions. “How grain is stored, handled and traded in the years to come will change as new IoT-enabled technologies take hold throughout the supply chain,” added Peter Votkjaer Jorgen- sen of Maersk Growth Ventures, who will join the Board of Directors of the newly created TeleSense Europe ApS subsidi- ary. “We think that this acquisition by TeleSense will accele- rate the mission of higher sustainability and efficiency in the grain supply chain.” “Standards in Europe are incredibly unique, and many ag- tech startups stumble trying to get a foothold in this compli- cated market,” added Finistere Venture’s Spencer Maughan, who is also on the TeleSense Board of Directors. “TeleSense will now be able to swiftly scale its footprint across Europe.” “After operating in the European remote sensing space for almost a decade, I was absolutely blown away by TeleSense’s integration of data science with an IoT solution for grain,” noted Kylling. “I think that TeleSense will help drive the auto- mation of the grain supply chain, and I’m excited to help lead the effort in Europe.”