Abu Dhabi firm injects 3.5 million in German RailWatch
The Bonn-based company RailWatch has secured a new shareholder: Agartha Fund LP from Abu Dhabi. This investment opens up the export of its Wayside Monitoring System – Pulsar technology – to countries such as Russia, Kazakhstan, Ukraine, and China. Agartha Fund joins RailWatch with an investment of 3.5 million euros.
“This capital increase supports the rollout of the Pulsar technology in neighboring countries of Germany and opens the way to the placement of the system in Eurasian countries”, RailWatch commented. The company will first install the Pulsar technology in Kazakhstan.
The Wayside Monitoring System of RailWatch automatically recognises failures before or after train departures near industrial sites, ports, terminals, or along rail freight corridors. “Traditionally, all freight trains are visually inspected before each departure. This is a costly, time-consuming, and often inaccurate procedure due to human errors and operational risks. RailWatch is solving these issues with their self-developed Pulsar technology.”
The focus of the Bonn-based company lies not only in the expansion and distribution of the Pulsar technology but also in the development of its own software, with over a hundred new Computer Vision products trained using artificial intelligence (AI).
Using high-resolution cameras and AI algorithms, RailWatch also carries out preventive maintenance, where ESG (Environmental, Social, and Corporate Governance) values have priority. Moreover, RailWatch provides its customers with Data as a Service (DaaS). This enables them to benefit from cost and time savings and ensure much greater safety of operations.
“We must pull together and strengthen rail freight. For the sake of the environment, it is important to advance rail transport in the long term, and internationally. We need rail freight to be efficient, to make it more competitive and stronger in comparison to road freight,” says Michael Breuer, founder, and managing partner of RailWatch.