EIB signs agreement with Kontakt.io to support advanced AI technologies



The European Investment Bank (EIB) has signed the first agreement with Kontakt Micro-Location sp. z oo (Kontakt.io) – an indoor spatial intelligence company developing transformative digital building services that help people secure the space, equipment and support they need to be productive and safe. Kontakt.io’s solutions enable people to interact smarter, safer and more efficiently using the Internet of Things and AI cloud technology.

Kontakt.io’s R&D site in Krakow, Poland, an EU cohesion region, will be at the center of AI research activities. The project will thus contribute to a more balanced local development and to a digital cohesion of the territory.

Financing projects related to innovation, digital transformation and human capital development is a top priority for the EIB Group, which has invested EUR 20.7 billion for this purpose in 2021. In Poland, this support increased to EUR 1.5 billion (compared to EUR 1.2 billion in 2020).

Teresa Czerwinska, EIB Vice-President, said: “Funding projects that increase the level of digitization is one of the main priorities of the EIB. We are delighted to support an ambitious European player implementing pioneering connectivity solutions. Kontakt.io is one of the companies shaping the EIB investment will strengthen their competitiveness and openness to the market, enabling broader social benefit. I am delighted that we can strengthen the creativity and vision of Kontakt.io thanks to EIB funding.”

Kontakt.io CEO Philipp von Gilsa added, “Disrupting the aging first-generation indoor location markets with open, cloud-powered standard IoT technologies has enabled Kontakt.io to become the cloud company to the fastest growing in the indoor spatial intelligence market.Today, with support from the EIB, Kontakt.io is launching a new focus on using artificial intelligence and machine learning to help reduce the carbon footprint of buildings, eliminate process waste and improve the resilience of building digital services that impact the quality and cost of clinical care in hospitals, tenant experience in workspaces hybrids and much more.I am proud to have the opportunity to bring the brilliance of our European engineering talents to the world stage as we continue to innovate and expand our footprint. from Kontakt.io on the market.”

Source link


About Author

Comments are closed.