EIB provides Kontakt.io EUR 12 mln to accelerate investment in advanced AI
The European Investment Bank announced that it has signed the first agreement with Kontakt Micro-Location (Kontakt.io), an indoor spatial intelligence company.
The EUR 12 million financing will be available to Kontakt.io to support the company's expansion in the growing indoor spatial intelligence market in healthcare, workspaces and other smart buildings.
Kontakt.io's R&D location in Kraków, Poland, will be the focus of AI (artificial intelligence) research activities. The project will therefore contribute to better-balanced local development and digital cohesion in the region, the EIB said.
"Financing projects which increase the level of digitalization is one of EIB's top priorities", it said. Kontakt.io, founded in Kraków, today operates with more than 100 employees based across the United States and Europe.
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