Semodia GmbH, based in Radebeul (near Dresden), has closed a financing round of almost 2 M€. The startup is a provider of modular software solutions that enable customers in the energy and process industry to design, integrate, and operate their equipment and plants more efficiently and flexibly.
In addition to Equinor Ventures, the already invested Technologiegründerfonds Sachsen (TGFS), along with a highly experienced business angel investor also participated in the Series A round.
Industry 4.0 is a major European initiative that is bringing about the convergence of information technology (IT) and operational technology (OT) systems, creating interconnectivity between autonomous equipment and broader computer systems. It aims to make industries interoperable and to significantly reduce time and cost. Semodia develops such Industry 4.0 automation software (SW) products. The business model includes hardware independent Module Type Package (MTP) software, MTP platform for SW packages, MTP ready hardware for direct system integration, support agreements, and training. Next to company management, the Semodia team includes software developers, business developers and project managers. The founding partners are well connected in the MTP space. Semodia is represented in all relevant standardization committees covering Module Type Package (MTP) and Open Architecture (NOA). Through leading involvement in shaping these standards, Semodia is in the front of the technical development and ahead of competition.
Semodia will pursue their vision of providing software solutions to create a seamless link between producers, operators and suppliers in the energy technology and process industry." Semodia will use the new funds to further develop its own web platform called MTPlatform, to scale, and to enter new markets.
Semodia is an exciting, emerging company with great potential to transform the integration of equipment packages across industrial processes. We look forward to working with Semodia to mature the technology and business model" says Kjersti Reinsnos, Head of Equinor Ventures Europe. Equinor Ventures led the round with a seven-figure investment. It is Equinor Ventures first equity investment in a German start-up.
