Truesense, a European leader in Ultra-Wideband (UWB) technology, AI-driven platforms and smart nodes, is proud to announce the successful closure of its first seed investment round with Magic Spectrum and The Hashgraph Group (THG). This strategic investment will reinforce Truesense’s growth plans in software, AI, Blockchain and platform solutions, enabling cutting-edge UWB applications across multiple industries leveraging Hedera’s distributed ledger technology (DLT).
Pioneering AI-enabled UWB solutions
Truesense develops advanced smart UWB nodes for ranging, radar and a variety of applications, including secure access control, real-time location services, health monitoring and smart tracking. By integrating AI-driven software with robust hardware solutions, Truesense enhances these capabilities, delivering precise, efficient and intelligent UWB communications across industries such as mobility, logistics, security, healthcare and smart environments.
Converging Blockchain and UWB technology
The integration and convergence of Blockchain with UWB technology represents a revolutionary step towards providing secure and traceable node-to-node communications. The Hashgraph Group, with its Hedera-powered DLT platform and Hedera-certified engineering team, provide the ideal distributed framework and Web3 expertise to enhance the UWB capabilities of Truesense and enable multiple industry use cases, as an example:
- Secure transactions for physical access control (e.g., offices, venues, transport hubs)
- Local mobility solutions, such as automated ticketing and car-sharing authentication
- Seamless interaction for pay-content services, including digital entertainment and media
- Real-time and immutable asset tracking solutions and smart contract-based automation
Speaking on the investment partnership Armando Caltabiano, CEO of Truesense, said: “This new investment further strengthens our market position and underscores the trust in our solutions for secure, real-time wireless interactions. Partnering with The Hashgraph Group and leveraging their advanced Hedera technology will enable us to push the boundaries of UWB applications, delivering scalable, high-performance solutions that redefine the way devices communicate, transact and interact in an increasingly connected world while ensuring compliance, security and legal traceability of digital transactions.”
Stefan Deiss, CEO of The Hashgraph Group, said: “The increasing global adoption of Hedera’s distributed ledger technology and convergence of ultra-wideband technology is enabling an ever-growing number of enterprises in the Media, Sports and Telco sectors to generate new revenue streams through Web3-centric loyalty programs, peer-to-peer consumer interaction, gamification and micro-transactions. This strategic investment in Truesense marks a pivotal step in fostering innovation in UWB tech with a company that shares our vision of empowering users with tokenised digital content, gamification models and monetisation opportunities that fosters brand loyalty.”
