Dutch-based Helin secures €10 million to scale its industrial edge intelligence platform
Rijswijk-based Helin, an AI data platform and provider of industrial edge computing and analytics technology, has secured €10 million growth investment to boost its international sales capacity and further develop its platform.
The round was led by Amsterdam-based investment firm FORWARD.one and followed the securing of a loan from Rabobank.
“We already run in critical industrial environments. This investment allows us to scale deployments faster while continuing to meet and optimise strict requirements on uptime, latency, and security,” said Martijn Handels, co-founder and CPTO of Helin.
Founded in 2017, Helin offers real-time monitoring, control and security of installations for companies in the oil and gas, renewable energy, maritime, and manufacturing industries, using edge technology.
The company claims to unlock the full potential of industrial assets by replacing fragmented on-site software and slow cloud analytics with a single platform that runs directly on industrial assets such as vessels, offshore platforms and remote energy sites.
Helin notes that it enables customers to deploy applications quickly without modifying their IT setup by integrating hardware, software, and connectivity into a single system. Since the software runs on-site, Helin continues to operate even when connectivity drops, enabling real-time decision-making in offshore and remote environments where delays, downtime, or loss of control are not an option.
“Helin has proved the value of its solution with the most demanding clients. The platform is deployed, expanding, and retained by industrial customers. This investment is about accelerating sales execution and enterprise-level rollouts,” said Paul Pruijmboom, Partner at FORWARD.one and Board Member at Helin.
The company raised its €3 million Seed round from FORWARD.one in 2023. This was Helin’s first funding round and marked the transition from its initial bootstrap phase to a phase of accelerated growth.
“Our goal is to become the world’s leading development platform for industrial AI applications and ultimately reach unicorn status. In the oil and gas sector, we are already an international market leader, and we aim to extend that position to the other industries we operate in. The investment from FORWARD.one allows us to further expand our international sales team and connect with industrial organisations that want to run their AI applications securely and locally,” added Handels.
Operating globally, the Dutch scaleup currently employs over 80 people and reported that its signed ARR has grown twelve-fold over the past three years. Its customers include global operators such as Boskalis, Shell, BP, Stena, and Sunrock.
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