Munich Re, acquisition of IoT middleware startup, Relayr for $ 300 million – News

The insurance group Munich acquired the Berlin-based Internet launch relay (IoT). The company's middleware platform is designed to help industrial companies better understand their machine and power line data. Existing production. He reached an agreement that valued the company at $ 300 million.

relayr was founded in 2013, with the aim of helping software developers hack hardware when the interest of IoT developers has just begun.

Startup reviewed startupbootcamp, invested money into the chocolate bar type hardware starter kit, and built an unrelated cloud service platform as a central hub of the feed. Data of. Relayr focuses on the needs of industrial IoT and its platform currently used by nearly 130 companies provides end-to-end middleware combining device management and 39 IoT analysis. Based on customer's needs, it can be set according to customer's needs.

When we closed the $ 2.3 million seed cycle in 2014, we first covered the Berlin-based startup. According to Crunchbase, a total of $ 66.8 million, including the $ 30 million series in February led by Deutsche Telekom Capital Partners.

Relayr has not disclosed the seed investors of 2014 at that time and states that it is only investors other than the United States and Switzerland. However, Kleiner Perkins and Munich Re (via the subsidiary HSB currently acquiring the repeater)

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Munich Re, acquisition of IoT middleware startup, Relayr for $ 300 million - News

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