InVirtus Technologies

InVirtus Technologies, established in France in 2018, provides asset tracking and geolocation solutions for industrial clients. The company was founded by Raphaël Pantais and Adrien Rousseau after a two-year research and development phase within a high-profile engineering and business school incubator. Pantais, now President, leverages his background as a graduate of Ecole Centrale Nantes and his experience in finance and project management to guide the company's project and team coordination. The firm operates on a business-to-business model, serving a diverse client base that includes sectors such as defense, aeronautics, transport and logistics, automotive, and healthcare.

The core of InVirtus Technologies' offering is the InVirtus Cloud, a comprehensive platform that integrates hardware and software to provide clients with real-time data on their mobile equipment. This is achieved through a range of tracking devices, including miniaturized chips, RFID tags, and GPS trackers, that can be affixed to assets like pallets, production trolleys, and vehicles. These devices monitor location, motion, temperature, and shock, offering both outdoor GPS and indoor Bluetooth Low Energy (BLE) tracking modes. The collected data is accessible via a web and mobile application, which allows for automated inventories, monitoring of asset flows through heatmaps, and maintenance management. For example, clients can receive alerts when an asset leaves a designated area or when inventory levels in a specific zone fall below a set threshold.

The company generates revenue by providing these integrated IoT solutions. A significant milestone for the company was securing a total of $1 million in funding over two seed rounds, with the latest round in March 2020 raising $833,000. This capital has been instrumental in enhancing their product, particularly through the integration of artificial intelligence for predictive analysis, and in expanding their commercial reach across France and Europe. The company has also focused on hardware development, launching the ivTrackEVO GPS tracker in 2022, which boasts a five-year battery life and global coverage. A key aspect of their strategy includes manufacturing their devices in the Pays de la Loire region of France and developing a patented photovoltaic technology for green smart devices.

Keywords: asset tracking, geolocation solutions, IoT platform, inventory management, supply chain optimization, industrial IoT, fleet management, real-time monitoring, RFID technology, predictive analysis