Hamburg-based Industrial Internet of Things (IIoT) startup Cybus has secured funding (“a seven-figure sum” because Germany) from btov Partners, the investor behind the likes of Volocopter, Raisin, Blacklane, SumUp and XING. Unnamed ‘private investors and entrepreneurs’ from the VC firm’s network also participated in the round, which will be used mainly to grow Cybus’ development, […]
Smart parking IoT startup CommuniThings has raised €3 million in funding from Orange Belgium, Finance.Brussels, and Essex Innovation. The telco also plans to enter into a long-term partnership with the startup “to commercialise CommuniThings’ smart parking solutions across Belgium,” it stated in a press release. CommuniThings’ solutions are based on a rollout of sensors that […]
Danish wireless sensor startup Webstech has been acquired by TeleSense, a US-based IoT company that specialises in solutions to improve grain storage. TeleSense plans to integrate Webstech’s products into its offering to offer a suite of sensor tech for grain storage facilities. Webstech CEO Thomas Kylling, who has a background in agriculture, will now join […]
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 […]
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German edge database developer ObjectBox has raised $2 million in a funding round led by Vito Ventures, with participation from Calvary Ventures and several business angels, including Chris Adelsbach, Lucas von Cranach, and Andreas Mihalovits. ObjectBox is a database that’s optimised for use in small devices, from a smartphone to a router to a Raspberry […]
The Netherlands-based mobile data solutions provider Mondicon has acquired Romanian IoT startup Simfony for an undisclosed amount. Joachim de Wild, co-owner of Mondicon, will become the new CEO of Simfony; Stefan Anghel, formerly product architect at Simfony, will join the management team as CTO. Founded in 2014, Simfony has developed a Platform-as-a-Serice (PaaS) product for […]