Monza, Italy - In a notable stride forward, Truesense, a distinguished European leader in Ultra-Wideband (UWB) technology, AI-driven platforms, and smart nodes, has proudly announced the successful closure of its first seed investment round on February 25th, featuring key contributions from Magic Spectrum and The Hashgraph Group (THG). This strategic infusion of capital is poised to significantly bolster Truesense's growth ambitions in the realms of software development, artificial intelligence, blockchain, and cutting-edge platform solutions. The partnership is aimed at driving the deployment of state-of-the-art UWB applications across a multitude of industries, leveraging the advanced capabilities of Hedera’s distributed ledger technology (DLT).
AI-Enabled UWB Solutions
Truesense is at the forefront of developing sophisticated smart UWB nodes designed for applications encompassing ranging, radar functionalities, and a wide array of use cases such as secure access control, real-time location services, health monitoring, and intelligent tracking systems. By synergizing AI-driven software with robust hardware solutions, Truesense is set to amplify these capabilities, providing precise, efficient, and intelligent UWB communications. This innovative approach spans industries including mobility, logistics, security, healthcare, and smart environments, promising to redefine the possibilities of UWB technology.
The Convergence of Blockchain and UWB Technology
The seamless integration and convergence of blockchain technology with UWB present a revolutionary advancement in secure and traceable node-to-node communications. The Hashgraph Group, renowned for its Hedera-powered DLT platform, possesses the ideal distributed framework and Web3 expertise necessary to elevate Truesense's UWB capabilities. This strategic collaboration aims to unlock a plethora of industry applications, such as:
- Secure transaction solutions for physical access control across offices, venues, and transport hubs.
- Local mobility solutions, including automated ticketing and car-sharing authentication systems.
- Seamless interaction mechanisms for pay-content services encompassing digital entertainment and media.
- Real-time, immutable asset tracking solutions coupled with smart contract-based automation.
Speaking on the occasion of this pivotal investment partnership, Armando Caltabiano, CEO of Truesense, emphasized, “This new investment further solidifies our market position, highlighting the trust vested in our solutions for secure, real-time wireless interactions. By joining forces with The Hashgraph Group and harnessing their sophisticated Hedera technology, we are poised to push the boundaries of UWB applications, delivering scalable, high-performance solutions that redefine the way devices communicate, transact, and interact in an increasingly interconnected world. This approach ensures compliance, security, and traceability of digital transactions, setting a new standard for the industry.”
Simultaneously, The Hashgraph Group and Truesense are collaborating to develop the next generation of UWB-powered TV and mobile device interactivity. In conjunction with Hedera’s distributed ledger technology, this initiative aims to unleash new Web3-enabled consumer loyalty and engagement solutions that seamlessly interface with digital media content. By spearheading an initiative known as Symera, the integration and convergence of UWB technology and DLT are set to create an innovative suite of gamification and loyalty programs. These programs are designed to significantly enhance consumer engagement mechanisms and boost value creation for numerous direct-to-consumer (D2C) enterprises, leveraging artificial intelligence and behavioral science.
Stefan Deiss, CEO of The Hashgraph Group, remarked, “The rising global adoption of Hedera’s distributed ledger technology, coupled with the convergence of ultra-wideband technology, is empowering an expanding number of enterprises within the Media, Sports, and Telecommunications sectors to generate novel revenue streams through Web3-centric loyalty programs, peer-to-peer consumer interactions, gamification, and micro-transactions. This strategic investment in Truesense marks a crucial step in nurturing innovation within UWB technology. Working with a company that shares our vision of empowering users through tokenized digital content, gamification models, and monetization opportunities that enhance brand loyalty is truly exciting and transformative.”
