Truesense, a leading European innovator specializing in Ultra-Wideband (UWB) technology, artificial intelligence-driven platforms, and smart nodes, has successfully concluded its first seed investment round. The funding, finalized on February 25th, saw significant contributions from Magic Spectrum and The Hashgraph Group (THG). This investment is expected to accelerate the company’s expansion in software development, AI, blockchain, and platform solutions while fostering the deployment of advanced UWB applications across various industries through the integration of Hedera’s distributed ledger technology (DLT).
The company is actively developing sophisticated smart UWB nodes equipped with ranging, radar, and various other functionalities. These nodes support applications in secure access control, real-time location tracking, health monitoring, and intelligent tracking systems. By merging AI-driven software with robust hardware solutions, Truesense aims to enhance precision, efficiency, and intelligence in UWB communication across multiple sectors, including mobility, logistics, security, healthcare, and smart environments. This approach is expected to redefine the capabilities of UWB technology, paving the way for more efficient and secure digital interactions.
Revolutionizing Secure Communication with Blockchain
The fusion of blockchain technology with UWB introduces a transformative shift in ensuring secure and traceable node-to-node communications. The Hashgraph Group, widely recognized for its expertise in Hedera-powered DLT platforms, offers the necessary framework and Web3 capabilities to elevate Truesense’s UWB functionalities. This collaboration is set to unlock diverse industry applications, including:
Secure transaction systems for access control in offices, venues, and transportation hubs.
Local mobility solutions such as automated ticketing and authentication in car-sharing services.
Interactive mechanisms for pay-content services in digital entertainment and media.
Real-time asset tracking solutions integrated with smart contract automation.
The investment further reinforces Truesense’s position in the market by demonstrating confidence in its ability to deliver secure, real-time wireless interactions. The company’s leadership acknowledges that the partnership with The Hashgraph Group will drive the evolution of UWB applications, enabling scalable, high-performance solutions that transform device communication, transactions, and interactions. This initiative is expected to enhance security, compliance, and traceability in digital transactions while setting a new industry benchmark.
Next-Generation UWB-Powered Consumer Engagement
Truesense and The Hashgraph Group are also working together to develop next-generation UWB-powered interactivity for televisions and mobile devices. Combined with Hedera’s DLT, this initiative aims to introduce new Web3-enabled consumer engagement solutions that integrate seamlessly with digital media content. The development is part of a broader effort under the Symera initiative, which focuses on leveraging UWB and blockchain technology to create gamification and loyalty programs. These programs are designed to enhance consumer engagement and add value to direct-to-consumer (D2C) enterprises by utilizing AI and behavioral science insights.
The Hashgraph Group’s leadership recognizes that the increasing global adoption of Hedera’s DLT, along with the convergence of UWB technology, is enabling enterprises within the media, sports, and telecommunications sectors to establish innovative revenue streams. Web3-centric loyalty programs, peer-to-peer consumer interactions, gamification strategies, and micro-transactions are among the key elements driving this transformation. The collaboration with Truesense is viewed as a significant step in fostering innovation within UWB technology, with both companies sharing a vision of empowering users through tokenized digital content, gamification models, and monetization strategies that strengthen brand loyalty.
With this strategic investment and collaboration, Truesense is poised to lead advancements in UWB technology and blockchain integration, contributing to the evolution of secure, efficient, and intelligent digital communication solutions.