X2 Portfolio Companies – sensemetrics

Year invested

Country (HQ)
United States

X2 sector
IoT software
Digital platforms

Company description

sensemetrics is a leading innovator in the Industrial Internet of Things (IIoT) market that effortlessly connects organizations, people, and machines by centralizing sensor data and providing real-time insight.

The Company’s cloud-based enterprise-level software platform transforms industrial sensor data into real-time situational awareness, powering active risk management and safety solutions. The outcome is a reduction in infrastructure cost, improved asset utilization, higher operational efficiency, and increased safety. Using predictive analytics and other advanced technologies as part of its platform, sensemetrics is leading the drive to establish a safer future through intelligent decision making.

The sensemetrics platform is manufacturer agnostic, supporting a wide range and growing number of sensors and devices. In addition, API’s are available to developers enabling customized workflows and visualizations.

Based on the concept of Connectivity as a Service (CaaS) and Software as a Service (SaaS), the sensemetrics platform provides global leaders from the mining, civil & geo engineering, transportation, energy and industrial manufacturing industries with the necessary backbone to intelligently consolidate legacy and new sensor systems rapidly and cost effectively into a scalable solution.

X2 partnered with sensemetrics in 2018, provided growth financing and has since then actively supported the Business during the development and execution of a new product and vertically oriented go-to-market and sales strategy via its operational support platforms in the EU, US and China.

In May 2021, sensemetrics was sold to publicly listed Bentley Systems (Nasdaq: BSY), the infrastructure engineering software company