Global lighting specialist OSRAM invests in leading Dutch startup TVILIGHT
TVILIGHT, a spin-off of the Technical University Delft in the Netherlands, and nowadays an innovative high-tech company and a market leader in intelligent street lighting solutions for Smart Cities and the Internet of Things, announced the successful completion of the investment round. Growth finance came from OSRAM, a global leader in lighting technology who acquired a minority stake in the company. Furthermore, the original investor Ponooc who backed Tvilight with seed investment in 2012 continues to participate in the company.
By investing in Tvilight, Osram responds to the growing demand for connected, energy-efficient, and intelligent street lighting in cities. The partnership will allow Osram to tap into the knowledge and experience that Tvilight has acquired in connected street lighting networks.
Eladia Pulido, Head of Osram Lighting Solutions, said:
“Tvilight offers a great software platform for the municipalities to realize their smart city vision. Equipping our luminaires with intelligence enables us to extend our portfolio of lighting solutions for cities and provide superior value to our customers. Tvilight’s software is the optimum extension that allows our lighting networks to become the foundation for a smart city infrastructure. By partnering with Tvilight, we create value beyond pure illumination, extending our services into traffic management, air quality monitoring, and many other areas.”
The landmark investment heralds a new era for Tvilight and enables the company to strengthen its market leadership positions and further expand into Smart Cities and the Internet of Things.
Commenting on the deal, Chintan Shah, Tvilight founder and CEO, said:
“The investment marks a line between Tvilight as a young startup and Tvilight as a full-fledged business with growing worldwide operations and global recognition. It sets us apart as an emerging technology leader underway to become a key player in the global connected outdoor lighting industry and the smart city developments. New financing coupled with the support of our partners will allow us to scale our technology and provide our partners and end-customers with the products and services of superior quality. Together with our partners we will be accelerating Smart Cities and the Internet of Things through the rapid deployment of intelligent street lighting technology worldwide.”
Today, the company’s unique technology that imparts “intelligence” and sensing capabilities to street lights allows cities to achieve the energy savings of up to 80%, slash infrastructure maintenance costs, lower the light pollution, and benefit from a multitude of Smart City and Internet of Things applications such as traffic heatmaps, air quality monitoring, power metering, asset management, and much more.
During the last four years, the wireless intelligent street lighting networks from Tvilight have been deployed in over 100 projects in more than then countries around the world, covering iconic cities such as Amsterdam, Berlin, Istanbul, and Seoul among the rest. The Tvilight team of 35+ people works from three offices in the Netherlands and India.
TVILIGHT B.V. is a European market leader in professional end-to-end street lighting control solutions. The company specializes in sensors, wireless lighting controls, and connected lighting management software for outdoor applications. Tvilight products create an independent open network that allows integrating a multitude of third-party applications and thus constitute a reliable, future-proof base for Smart Cities and IoT. Tvilight has an installed base of more than 100 projects globally and has deployed thousands of intelligent devices in iconic cities and critical infrastructure around the world. Tvilight’s international projects include, among others: Amsterdam Airport Schiphol, Dutch Railways, more than 30 Dutch towns and cities, Seoul city, as well as the German cities Düren, Köln, Münster, and Berlin. For more information, please visit: www.tvilight.com
Press contact Tvilight
Marketing Communications Manager
+31 (0) 50 800 3240
+31 (0) 61 567 0050
Press contact TU Delft
Press officer Sharita Balgobind
+31 (0) 15 27 81588