Nexxiot, a Zurich, Switzerland-based supply chain digitization company, raised $25M in funding.
The round was led by QVIDTVM.
The company intends to use the funds to further improve its technology to create client success and push ahead with North America expansion.
Led by CEO Stefan Kalmund, Nexxiot is an innovator in the IoT space, which specializes in digitizing non-powered cargo transport assets, increasing their trackability, control, safety and security. Both the hardware and intelligent cloud platform are accessible via a flexible subscription model. All Nexxiot devices are certified for dangerous industrial environments where explosions are a real risk and include the highest standards of HazLoc certification for the U.S. market.
The company’s solutions are now deployed in more than 160 countries.