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Tag: DuraMon

  • DuraMon raises CHF 1 million in fresh capital

    DuraMon raises CHF 1 million in fresh capital

    Zurich-based DuraMon AG has received CHF 1 million in a seed financing round. The investment was led by the Zurich-based venture capital firm QBIT Capital. In addition to Serpentine Ventures, the ETH Foundation and other investors, the Zug-based building materials group Sika also participated as a strategic investor, according to a media release.

    According to the statement, the funds raised will be used in particular to expand the team, broaden the customer portfolio and optimise and automate the company’s processes.

    DuraMon is developing the world’s first sensor technology and smart analytics solution for precise and reliable monitoring of the corrosion status of reinforced and prestressed concrete. These solutions enable timely detection of deterioration in concrete infrastructures such as bridges, tunnels, car parks and garages.

    DuraMon helps customers “choose the right type of repair for the right structure at the right time”. As a result, reinforced and prestressed concrete infrastructures are repaired neither too early nor too late, according to the promise.

    Through the strategic partnership with global player Sika, “we can serve our customers in the construction industry with a comprehensive technology that enables sustainability through the rational use of construction materials and the proper maintenance of infrastructures and building structures,” Philippe Jost, head of construction and member of the executive board at Sika, is quoted as saying in the media release.

    The spin-off of the Swiss Federal Institute of Technology Zurich(ETH) was founded in 2021 and transformed from DuraMon GmbH into DuraMon AG in April this year.

  • Swiss Prime Site selects four start-up ideas

    Swiss Prime Site selects four start-up ideas

    Swiss Prime Site , a listed real estate company based in Zug, has identified and promoted four start-ups in its accelerator program that are rethinking existing business models in the industry: DuraMon from Zurich, Novalytica with offices in Bern and Zurich, Proximi from Helsinki and Spotr from Den Hague.

    The participants had to develop relevant use cases for the real estate company and its subsidiaries, which lead to sustainable processes , improved efficiency and sustainable growth. Finally, the jury selected these four start-ups that were able to present themselves to the board of directors. The aim is a sustainable cooperation.

    DuraMon believes in safer, more affordable and sustainable construction and repair solutions that reduce concrete infrastructure maintenance costs and carbon emissions. Novalytica supports companies in the development of clearly defined data strategies in order to generate business-relevant insights and tools.

    Capable of relating any application to a specific location, Proximi’s platform provides tools for geofencing, delivers mobile content, automates IoT devices and integrates third-party interfaces. The start-up Spotr uses numerous image sources from people to satellites to analyze entire building portfolios in minutes.

    “The Swiss Prime Site Accelerator is very well designed,” Yurena Seguí Femenias is quoted as saying by DuraMon. The experts asked the right questions and gave “informative and tailor-made advice”.