Aloxy

About Aloxy

Aloxy develops modular and industrial Internet of Things (IIoT) systems for the chemical, oil, and gas sectors. Founded in 2017 as a spin-off from the University of Antwerp and research center imec, the company was established by a team of experts in low-power wide-area networks: Jan Coppens, Frank Gielissen, Carl Stevens, Glenn Ergeerts, and Prof. Maarten Weyn. The founders aimed to leverage technology developed at these institutions to create practical solutions for the process industry. Jan Coppens, one of the founders, was involved in launching the imec.istart accelerator and was inspired by the startups there to found his own company.

Aloxy provides an end-to-end platform that includes sensors, wireless communication gateways, and a cloud-based IIoT Hub. The company's core product is the Aloxy Pulse, a smart sensor for remotely monitoring the position of manual valves, which helps to increase safety and efficiency. This plug-and-play device is equipped with multiple inertial sensors to detect changes in environmental temperature, atmospheric pressure, vibrations, movement, inclination, and magnetic fields. The IIoT Hub, which can be deployed on-premise or in the cloud, allows clients to manage devices, monitor the network, and ensure data integrity, with easy integration into existing customer systems like DCS or SCADA.

The company's business model centers on providing this full-stack solution to clients in the petrochemical industry, such as BASF, Dow, and Solvay, helping them to digitize their operations. Revenue is generated by offering these reliable IIoT solutions that improve risk management and reduce time spent on manual processes. Aloxy has raised a total of $14.3 million over several funding rounds, with the latest being a Series C round of $8.02 million in February 2025 from investors including Dow Chemical Company and Emerson.