Correction: The story has been updated to reflect the correct amount ($13 million, not €30 million) and structure of the deal. Munich-based industrial IoT startup KONUX has raised $13 million in funding as an extension of its Series B round from investors including China’s Alibaba Group, according to the company’s press release and a report […]
London-founded industrial IoT (IIoT) analytics startup Oden Technologies has raised $10 million in a Series A round led by Atomico, with participation from existing investors including EQT Ventures and Inbox Capital. Niklas Zennström, Atomico CEO and co-founder of Skype, will join the company’s board. The startup claims that its cloud-based data analytics platform for IIoT […]
Munich-based KONUX, an industrial IoT startup, has raised a further $9 million led by New Enterprise Associates (NEA), bringing its Series A round to $16 million. Several other investors participated in the round including MIG, Upbeat Ventures, Andy Bechtolsheim, Michael Baum, UnternehmerTUM, Warren Weiss, and Lothar Stein. KONUX develops industrial IoT solutions using smart sensors […]
General Electric Digital has acquired Israeli Nurego, a company that supports business operations for IoT networks linking industrial machines.
GE (General Electric) believes Europe can transform its economy through digitalisation and the Industrial Internet.