VC firms back $30m round for Relayr

The round was led by Deutsche Telekom Capital Partners, the corporate venture arm of the German telecommunications business, with $1bn in AUM.

The fresh capital will be used to expand the company's core activities and fund growth in the area of AI-driven connectivity. It will also support the financing of Relayr's digital transformation projects.

Previous funding
Kleiner Perkins Caufield & Byers (KPCB) led an $11m series-A for Relayr alongside Munich Venture Partners in November 2015. The fresh capital was allocated to the expansion of the company's B2B business in the US.

KPCB led another $23m funding round alongside insurance company Munich Re in November 2016, with Munich Venture Partners also taking part.

Company
Founded in 2013 and based in Berlin, Relayr develops an IoT platform, embedding physical objects with electronics, software, sensors and network connectivity to enable these objects to collect and exchange data.

The company has developed a hardware sensor kit that contains a collection of freely programmable sensors, metering and transmission modules for further use in technical equipment. Relayr also provides an open-source software development kit for developers. The company has 200 employees worldwide.

People
Relayr – Josef Brunner (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture
• Internet of things