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 […]
Ukraine-based family locator app GeoZilla has raised $1 million, according to Firrma. The investment comes from business angels including Dmitri Lipnitsky, founder of Gismart, and other investors whose names were not disclosed. Additionally, Nikolay Davydov of Gagarin Capital has been granted a share of the company and will be joining the company’s advisory board.
Cumulocity, a German IoT platform, has been acquired by Software AG. The terms of the deal have not been disclosed. The acquisition will boost Software AG’s position in the Internet of Things space, the firm said in a statement. Cumulocity develops a cloud-based IoT platform for managing devices and the data they collect. The two […]
Belgian IoT startup Rombit announced that it has acquired the digital security company Sercotec, a firm that has been in business for 23 years. This is Rombit’s first acquisition, and attests to the growth aspirations of the company.
London-based Flo Live, a provider of end-to-end solutions for IoT networks, has raised $4.2 million in a Series A round. The investment was led by ARIE Capital and Golden Sunflower Capital. The company will use the funding to continue its development and grow its sales teams.
The British hardware giant ARM has acquired the Swedish company Mistbase, which develops digital wireless communications solutions for IoT. The purchase price of the deal was not disclosed.
General Electric Digital has acquired Israeli Nurego, a company that supports business operations for IoT networks linking industrial machines.