Provide a complete IoT infrastructure, from design to data management.

Yesitis is a fully vertically integrated IoT development company. 

Co-founder and CEO Emmanuel Ranc met Positive Capital during a fundraising seminar at the CCI Puy-de-Dôme Clermont Auvergne Métropole. Yesitis specializes in the design, production, and management of industrial IoT for mobility, energy, and agriculture sectors. Positive Capital organized a €8.7 million Series A round to support Yesitis in becoming a French leader in industrial IoT.

The group helps enterprise clients transform their core business to become data-driven through an IoT innovation process. Originally, Yesitis operated as an engineering firm with a proprietary cloud-based IoT platform and has since acquired a production plant specializing in IoT.

Due to a delay in corporate adoption of the IoT revolution, investors have taken a cautious, wait-and-see stance on most new IoT-related ventures. Additionally, Yesitis pursued a fully integrated model, while investors have recently shown a preference for asset-light models over capital-intensive ones.

Before our involvement, Yesitis’s management faced challenges in defending the relevance of their approach and presenting an attractive investment thesis.

By emphasizing the essential role of the industrial component in sustaining long-term profit margins, we successfully implemented a competitive process that resulted in a €9 million Series A—30% higher than the initial funding target.