Atomico et al. invest $7m in Evrythng

Nasdaq-listed Cisco Systems invested alongside the three firms via its corporate venture arm. The US firm plans on integrating Evrythng's software with its IOX, CMX and gateway devices.

Atomic previously invested early-stage funding in Evrythng in November 2011 alongside several business angels.

The fresh capital will allow Evrythng to jumpstart its plans to implement the data management layer of its "internet of things" software.

Company
Founded in 2011, Evrythng is headquartered in London with additional offices in New York and Zurich. The company develops a software-as-a-service that is designed to aid companies in managing their connected products.

Evrythng's software also provides real-time tracking analytics. Its customer base is made up of retail brands and manufacturers, application developers and network providers.

Customers include Diageo, LVMH, Unilever, Red Bull and Mondelez International.

People
Niall Murphy is the CEO of Evrythng and founded the company alongside CMO Andy Hobsbawm. Mattias Ljungman is a partner at Atomico, while Haakon Overli is a general partner at Dawn and Jeffe Burde is an investment partner at BHLP. Yoav Samet is the vice president of corporate development at Cisco.

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• Topics
• UK / Ireland
• Expansion
• Technology
• United Kingdom
• Dawn Capital