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AMDB Security Pro Secures $3.1 Million Seed Round from Two American Private Investors to Support U.S. Expansion
The seed round will fund a U.S. subsidiary, local hiring and broader equipment coverage as theft losses top $300 million a year, industry groups said.
- On Monday, August 10, 2026, French engineering firm AMDB Security Pro announced a $3.1 million seed funding round from two American private investors to finance its United States expansion.
- Construction equipment theft costs the U.S. industry between $300 million and $1 billion annually, with nearly 1,000 machines stolen monthly and fewer than 25% of stolen assets recovered.
- Co-Founders Pascal Oltra and Kevin Kaarouche engineered a patented mechanical device that blocks unauthorized ignition without electronics, functioning as a tamper-resistant deterrent for excavators and mini-excavators.
- The capital will support hiring local teams and large-scale deployment by 2027. "Closing this round marks a defining step for AMDB Security Pro as we prepare our establishment in the United States," Oltra said.
- Following its 2025 Gold Medal at the Concours Lépine, the company plans to extend its engineering approach to a broader range of construction equipment categories beyond excavators.
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AMDB Security Pro Secures $3.1 Million Seed Round from Two American Private Investors to Support U.S. Expansion
·Wamego, United States
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Lyon’s AMDB Security Pro locks in €2.68 million to take its excavator anti-theft systems to the US
AMDB Security Pro, a Lyon-based engineering company providing mechanical anti-theft systems for excavators and mini-excavators, has announced the close of a €2.68 million ($3.1 million) Seed funding round from two American private investors. The company plans to use this capital to accelerate its establishment in the United States, where it plans to set up a subsidiary, build strategic partnerships, and continue R&D into new equipment categories…
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