Aloxy has raised €7.4 million from investors including Dow Venture Capital and Emerson Ventures to accelerate its global expansion of IIoT solutions for the chemical and energy sectors.

Information on the Target

Aloxy, founded in 2018 as a spin-off from the University of Antwerp and imec, is an innovative Internet of Things (IoT) company focused on providing advanced solutions for the chemical and energy industries. The company has developed an Industrial Internet of Things (IIoT) platform that integrates wireless sensors with software applications, enabling real-time monitoring and insights into manual operations in chemical and oil & gas production environments. Aloxy's technology can track various equipment, including the open/close status of manual valves, the activation of emergency showers, and the condition of line blinds, thereby enhancing operational safety and efficiency.

With a presence in over 30 countries globally, Aloxy's commitment to Industry 4.0 transformation aligns with the growing demand for IoT solutions in industrial settings. By utilizing low-power wide-area network (LPWAN) communication technologies, such as LoRaWAN, Aloxy facilitates cost-effective industrial connectivity, making it a preferred choice for industry leaders, including Dow, Shell, BASF, and Chevron.

Industry Overview in Belgium

Belgium has established itself as a significant player in the industrial sector, with a strong focus on the chemical and energy industries. The country’s chemical production constitutes a vital part of its economy, employing thousands and producin