Kronomav closes a financing round to promote its internationalization

Clave Mayor and Inveready Technology Investment Group participate in the financing round of the Valencian company specialized in robotics applied to audiovisuals.

Kronomav Systems has closed a financing round through contributions from Comval Emprende F.C.R., a fund managed by Clave Mayor and Inveready, a Venture Debt specialized in leading technology companies in the Spanish market and which has just become a shareholder. The company has also obtained financing from the Ministry of Industry, Energy and Tourism (within the Strategic Action program for Digital Economy and Society) and the National Innovation Entity (ENISA), thanks to the agreement that the managers Clave Mayor and Inveready maintain. in this entity within the framework of the Spain Co-Investment Start-up Fund.

The Valencian robotics company, which concentrates 85% of sales in international markets, mainly in Asia, has achieved this new round to strengthen its internationalization plan in emerging markets.

Kronomav is a robotics company applied to artificial vision. Its products and services are mainly aimed at the audiovisual market and the security, defense and environment market. The solutions applied to each market come from skills acquired by its executives in the fields of artificial vision (artificial vision and digital image processing) and robotics (communication between machines and incorporation of sensors) for more than 20 years.

During 2013 the company has promoted a new line of robotics aimed at the Pro-AV markets, which incorporates audiovisual technologies (visible or thermal spectrum systems) and sensor technologies (radars, telemetry systems, antennas, etc.), specially designed for defense and security markets.

The company maintains a high specialization in the broadcast market, through the retransmission of live 3D systems and tracking solutions for television and virtual scenarios. Its specialization in live 3D solutions has allowed it to participate in events with great global impact, such as the 2012 London Olympics, Rolland Garros or broadcasts for Mediapro of Professional Football League matches, such as the last FC Barcelona – Real Madrid CF match. broadcast last October 26.

Towards a new model

Kronomav proposes a boost to its business model with the aim of accelerating growth. The new model maintains direct sales and provision of services in Europe and introduces the creation of joint ventures with local partners in emerging markets. The resources obtained will be used to support the constant R&D efforts in the areas of audiovisual, defense and environment, as well as supporting internationalization with the new scheme in markets where it is already being well received, such as the Asian markets. and in the next expansion to Latin America.

To develop this commitment, the company's partners have agreed to incorporate an executive, Luis Catalá, with experience in strategy to help pilot this growth.

The company's shareholders are led by project executives and Venture capital funds, which hold the majority of the capital.

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