relayr, a Berlin, Germany-based provider of complete IoT solutions, raised approx. US$30m in funding.
Backers included B37, Purple Arch and DTCP (Deutsche Telekom Capital Partners).
The company intends to use the capital to further expand its core activities in the tech sector and continue growing in areas such as AI-driven industry 4.0 connectivity.
Led by Josef Brunner, CEO, relayr delivers a protocol-agnostic IoT middleware platform, device management and data analytics capabilities, as well as an agile professional services teams which are used by hundreds of companies worldwide.
Through artificial intelligence, relayr identifies business-relevant processes and offers applications, e.g. for predictive maintenance or for digital simulation of product behavior (digital twin).
In addition to the technological aspect, the company will focus on the business topics financing and insurance of digital transformation projects.