Truesense Secures Strategic Investment from The Hashgraph Group to Advance Blockchain and AI-Driven UWB Technology
- Editor
- Feb 25
- 1 min read
Whats Happening:
Truesense, a European leader in Ultra-Wideband (UWB) technology, has successfully closed its first seed investment round with Magic Spectrum and The Hashgraph Group. This strategic investment aims to reinforce Truesense's growth plans in software, AI, blockchain, and platform solutions, enabling advanced UWB applications across multiple industries using Hedera's distributed ledger technology.
Key Moves:
Truesense closes seed investment round with Magic Spectrum and The Hashgraph Group
Investment to boost AI-driven UWB solutions and blockchain integration
Collaboration to develop new generation of UWB-powered TV and Mobile device interactivity
Key Quotes:
"This new investment further strengthens our market position and underscores the trust in our solutions for secure, real-time wireless interactions," said Armando Caltabiano, CEO of Truesense.
"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," said Stefan Deiss, CEO of The Hashgraph Group.
Bottom Line:
The strategic investment in Truesense by The Hashgraph Group marks a significant step in advancing blockchain and AI-driven UWB technology. This collaboration aims to revolutionize secure, real-time wireless interactions across various industries, potentially transforming how devices communicate, transact, and interact in an increasingly connected world.
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