azeti Networks AG, a Berlin, Germany-based provider of remote asset management software serving the IoT market, closed a $4m round of funding.
The round was led by Wim Elfrink, the Founder and President of WPE Ventures Digitized Solutions, who will chair the azeti Industry Advisory Board.
The company has raised more than $21m in equity funding.
Founded in 2006 and led by Thorsten Schaefer, Chief Executive Officer, azeti Networks provides a remote asset management software platform to businesses in a variety of verticals including telecommunications, oil and gas, manufacturing, finance, and healthcare to manage and monitor their complex infrastructures. The company, whose IoT software is installed at more than 1,000 sites in 35 countries, has subsidiaries in North America, the United Kingdom and the Middle East.