Money is tight for brand new startups, yet it is also a pretty essential thing to keep your brand new company afloat. Bootstrapping or looking for funding is a solid way to ensure you can keep things going and we write a lot about successful funding rounds. You’d almost forget there is an even better way for startups to gain money: actually selling your stuff. That’s what VIBES managed to do. The Delft startup that helps manufacturers with prototyping attracted car manufacturer BMW as their first major client.
Those pesky sounds and vibrations
Details of the deal are scarce, but according to co-founder Daniël van den Bosch it involves ‘a significant amount of money for a small startup’. VIBES.technology develops applications that help engineers to analyze sounds and vibrations of their product, letting them solve vibration-related issues at an early stage of product development. For companies in the automobile industry, sound and vibrations are an important part of the product design, as they relate to driving comfort and sustainability.