Witrac helps companies be more efficient and competitive through innovative technological solutions that connect and provide visibility, traceability and total control of the supply chain.
Javier Ferrer and Pep Pons, industrial engineering graduates from the Universitat Politècnica de València with more than 10 years’ experience in the sector, are among the founders of the company, in which they have developed real time stock location and monitoring solutions for factories and preventive and predictive maintenance of machines to reduce costs due to shutdowns.
The startup has participated in acceleration programmes both domestically and in Europe such as Lanzadera, ReLab and Climate KIC.
Using Internet of Things (IoT) and Artificial Intelligence (AI) technology, WiTrac ensures stock monitoring, optimisation of production and operation systems, preventive and predictive maintenance of machinery and increased safety for workers along with other benefits.
The main sources of finance are own capital, acceleration programmes, prizes and R&D assistance, which has been allocated to human capital in order to build a multidisciplinary, highly qualified and motivated team.
The company operates in 15 countries and expects to open offices in other cities in Spain as well as in countries where it already has an indirect presence like the United Kingdom, Germany, the United States and Latin America. As well as international commercial expanison, recruitment of talent remains a main priority and they hope to close the year with a staff of more than 100. They also hope to surpass the 5 million mark in sales by the end of this year.