Deutsche Telekom Capital Partners joined B37 and Purple Arch Ventures to invest $30m in the industrial IoT data software provider.
Germany-based industrial internet-of-things (IoT) technology provider Relayr raised “roughly” $30m in funding on Monday from investors including telecommunications company Deutsche Telekom’s corporate venturing unit, Deutsche Telekom Capital Partners.
The round, which brought Relayr’s overall funding to approximately $67m since it was founded in 2013, also featured venture capital firm B37 and VC fund Purple Arch Ventures.
Relayr has developed a middleware software platform that utilises artificial intelligence to generate a relevant data feed from industrial businesses’ IoT systems and machines,…
