Relayr has secured $23m in a round led by reinsurer Munich Re as part of a strategic partnership, taking the internet-of-things technology developer's total funding to more than $36m.
Munich Re/HSB Ventures, the venture capital arm of reinsurance firm Munich Re, led a $23m series B round for US-based internet-of-things (IoT) technology developer Relayr on Tuesday.
The round included VC firms Kleiner Perkins Caufield & Byers and Munich Venture Partners, both of which contributed to Relayr’s $11m series A round in November 2015, which was also backed by angel investors Josef Brunner and Tom Noonan.
Founded in Germany in 2013, Relayr has built an end-to-end middleware development platform for…
