Relayr Raises $23M in Funding

Funding Rounds

▤ Summary

relayr, a Boston, MA-based IoT development platform provider, raised $23m in funding.The round was led by Munich Re/HSB Ventures with participation from Kleiner Perkins Caufield & Byers, and Munich Venture Partners.Founded in 2013 by Josef Brunner, relayr provides a development solution consisting of a cloud platform that communicates from Any-to-Any (any service, any software, any platform, any sensor), open source software development kits and industrial-grade sensor kits for rapid prototyping of equipment and services for the Internet of Things in such markets as manufacturing, infrastructure management and retailing.The 100-person company has additional offices in Menlo Park, CA, Berlin, Germany and Burnley, UK.Relayr and HSB are also partnering to offer customized insurance products for relayr’s customers making IoT investments.

$ Funding

$
Amount $23.0M Total raised
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Date November 1, 2016 Announcement date
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Investors relayr, Munich Venture Partners Lead investors
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Company http://www.relayr.io Funded company

▥ Classifications

industries
Manufacturing Industry
applications
Data Management

◇ AskAI Classifications

Labels
Internet of Things (IoT) Software Device Management Software Industrial IoT

▦ Linked Companies

Proximetry
$1M to $5M