DTCP Invests in Berlin-based Industrial IoT Company Relayr in $30m Round
DTCP invests alongside B37 and Purple Arch Ventures, joining existing investors Kleiner Perkins Caufield Byers, Munich Venture Partners and HSB Ventures / Munich Re.
Berlin, 19 February 2018 – The investment of roughly 30 million US dollars reflects a clear trend in the venture capital landscape: investments far removed from the hype and growth bubbles.
“The confidence shown by all three investors B37, Purple Arch and DTCP (Deutsche Telekom Capital Partners) is very gratifying,” says Josef Brunner, CEO of relayr. This investment will allow us to grow substantially and further solidify our profile globally. Because we enter into long-term partnerships with our customers, robust methods play a key role in accompanying them on their journey into modern ‘pay-per-use’ and ‘as-a-service’ business models that combine technology, service, insurance and financing.”
The investment will enable relayr to further expand its core activities in the tech sector and continue growing in areas such as AI-driven industry 4.0 connectivity. Deutsche Telekom is set to support relayr in offering sustainable, system-agnostic industry 4.0 connectivity that serves as a strong and flexible foundation for innovative business models, especially for SMEs.
For its part, relayr generates a uniform data stream from the so-called “edge", i.e. from data sources such as machines, motors or entire plants, integrating it via middleware into a proprietary data management system for subsequent enrichment. Through artificial intelligence, relayr identifies business-relevant processes and offers applications, e.g. for predictive maintenance or for digital simulation of product behavior (digital twin).
In addition to the technological aspect, relayr will focus on the business topics financing and insurance of digital transformation projects. Particularly when converting from capex to opex-based business models, new issues of liquidity and risk arise, which relayr can address within a project, and together with partners, in the form of innovative financing alternatives and reinsurance.
“The globally available connectivity platform of Deutsche Telekom and relayr’s industry-specific IoT solutions complement one another perfectly,” says Hagen Rickmann, Director Business Customers at Telekom Deutschland GmbH. “We look forward to working with the relayr team alongside CEO and serial entrepreneur Josef Brunner.”
A common interest in helping medium-sized companies tackle digitalization and offering result-oriented solutions that are not only technologically "end-to-end" but also address the other important aspects of digital transformation makes the planned cooperation extremely valuable for Deutsche Telekom and relayr.
relayr is a rapidly-growing company, delivering the most complete IoT solutions on the market for the digital transformation of industries. We unleash more data from your existing machines and systems – from data inception to data insights – to improve your business outcomes. Our protocol-agnostic IoT middleware platform, device management and data analytics capabilities, as well as our agile professional services teams are trusted by hundreds of companies worldwide. With relayr, any industry is empowered to implement fully interoperable IoT solutions guaranteed to achieve their targeted business outcomes.
For more information, please visit: relayr.io
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DTCP is Deutsche Telekom’s investment management group with over $1 billion in assets under management and advisory, and a portfolio of over 70 companies. The group is dedicated to providing venture capital, special situation investments and advisory services to the technology, media and telecommunication sectors. It operates and invests in the US, Israel and Europe. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.
This press release was originally published by relayr on February 19th, 2018.