Cybus, a Hamburg, Germany-based Internet of Things (IoT) specialist, secured a seven-figure amount of funding.
The round was led by btov Industrial Technologies Fund, with participation from several private investors and entrepreneurs from the btov network as well as existing shareholders.
The company intends to use the new capital to grow its Sales & Marketing and Development teams.
Led by Pierre Manière, CEO and co-founder, and Peter Sorowka, CTO and co-founder, Cybus sells a software-based IIoT gateway solution to manage the data flow between production machines, enterprise IT systems and external IIoT cloud platforms. The “Connectware” product allows to connect machines and entire factories to one or more external cloud services with a granular definition of data access rights down to individual machine data points. This allows machine OEMs as well as machine operators to remain independent from the large IIoT platforms, to build a future proof IT/OT data infrastructure and to adhere to upcoming cyber security standards like IEC 62443 for industrial communication networks.
Cybus enables its customers to map data from heterogeneous machine fleets to a single semantic data model and to benefit from scalable edge computing capabilities to run data analytics on premise and close to the shop floor.
Industrial companies like SCHUNK and B. Braun are already managing their critical production data with the Cybus Connectware.