Satt Paris-Saclay’s portfolio company Altaroad has raised $11.7m in funding.

Altaroad, a France-based smart sensor developer focused on tracking heavy goods vehicles in the construction sector, has raised more than €10m (11.7m) in funding from the European Innovation Council and Pro BTP Innovation. Founded in 2017, Altaroad has developed sensors for smart roads, particularly to track heavy goods vehicles in real time. The money has been allocated to continued technology development.

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).