Tvilight, which offers lighting solutions for smart cities and IoT, received growth financing from Osram. With the investment the German lighting manufacturer took a minority share in Tvilight.
Financial details were not disclosed. Amsterdam-based Tvilight was founded in 2012 by CEO Chintan Shah. In the past it was also incubated at YES!Delft. The company now has more than 35 people working in three offices in The Netherlands and India.
Their tech adds sensing capabilities to street lights, which allows cities to achieve energy savings up to 80 percent, the startup claims. It also offers several smart city and IoT applications such as traffic heatmaps and air quality monitoring. According to a press release, the smart lighting startup has projects in cities as Amsterdam, Berlin, Istanbul, and Seoul. The company really got attention when they used their lights at Dutch train stations.
"The investment marks a line between Tvilight as a young startup and Tvilight as a full-fledged business with growing worldwide operations and global recognition", said Shah in the release. The money allows the company to "strengthen its market leadership positions and further expand into Smart Cities and the Internet of Things." So: scale the technology and grow rapidly worldwide.
By investing in the startup, Osram responds to the growing demand for connected, energy-efficient, and intelligent street lighting in cities. The partnership will allow Osram to tap into the knowledge and experience that Tvilight has acquired in connected street lighting networks.