ObjectBox, a Munich, Germany- and London, UK-based edge database developer, raised $2m in funding.
The round was led by Vito Ventures, with participation from Calvary Ventures and Chris Adelsbach, Lucas von Cranach, and Andreas Mihalovits.
The company is using the funds to continue to expand operations.
Led by Markus Junginger, CTO, Dr. Vivien Dollinger, CEO, ObjectBox is a fast database, built for IoT and Mobile devices. It brings edge computing to small devices, allowing data to be stored and processed locally for efficient, fast and secure data management. ObjectBox is smaller than 1MB, so it is the ideal solution for Mobile Apps, small IoT Devices, and IoT Gateways.
The company is an alumnus of the London based 2017 TechStars’ acceleration program.