Lyon’s AMDB Security Pro locks in €2.68 million to take its excavator anti-theft systems to the US

Lyon-based engineering firm AMDB Security Pro has successfully closed a €2.68 million ($3.1 million) Seed funding round, led by two American private investors. The capital will enable the company to expand its operations in the United States, where it plans to establish a subsidiary, forge strategic partnerships, and continue research and development (R&D).

Pascal Oltra, co-founder of AMDB Security Pro, stated that the investment paves the way for the company to strengthen its presence in the U.S., forge connections with rental companies, insurers, and equipment manufacturers, and broaden its technology into new equipment categories.

AMDB Security Pro specializes in mechanical anti-theft systems for excavators and mini-excavators, boasting a patented, tamper-resistant device. This innovation is designed to prevent unauthorized machine starts in demanding construction environments, addressing the significant issue of construction equipment theft in the United States.

The device, made from hardened boron steel, is nearly impervious to sawing, bolt-cutter attacks, and twisting attempts. It also includes a 120 dB alarm, GPS tracking, and a discreet compartment for securely storing the key within the anti-theft system.

The new funding will aid AMDB Security Pro in its U.S. expansion, with plans to hire local teams, strengthen its commercial and operational structure, and deploy its technology across the American market by 2027. The company's solution can be integrated with over 100 brands of mini-excavators and construction equipment.