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Relayr
Industrial Internet of Things supplier
- 201-500 employees
- B2B
- Artificial Intelligence
- Internet of Things
- Financial Services
- SaaS
- Cloud Computing
- Schwanthalerhöhe, Munich, Germany
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Company mission
To deliver the most complete IoT solutions on the market for the digital transformation of industries.
Our take
Industrial Internet of Things (IoT) technology offers a world of possibilities for manufacturers. Oversight of the entire production process through a stream of information provided by networked, sensor-equipped devices allows for real-time control and zero waste in the operation. Importantly, partnerships with IoT providers allows companies to switch from an expensive and inefficent capital expenditure model to a more agile operating expenses model. Since 2013, relayr has existed to make this a reality, helping manufacturers move to an equipment as services operating model and unlocking their potential.
Industrial IoT is big business, and relayr shares the field with giant providers such as Hitachi, Intel, GE and IBM. However, relayr has long experience in the field. It started out as a space for developers to experiment with hardware while IoT was still taking off, and has steadily gained experience and insights into their clients needs. They also bill themselves as a one-stop shop, uniquely able to offer IoT technology, financing, insurance, and delivery.
Several years after it was founded, relayr was acquired in whole by insurance giant Munich Re. Although relayr operates independently of its parent company, it will continue to benefit from Munich Re's financial strength and client base. Indeed in a space occupied by giants, this acquisition should reassure both clients and prospective talent that relayr will be a company to rely on for a long time to come. They are expanding their operations in the USA and Europe and have recently made inroads in the UK market, and are likely to be in a good place to take advantage of the expanding industrial IoT sector.
Steph
Company Specialist at Welcome to the Jungle
Company values
- Empathy: Wherever you work in our business, we put people first and act with empathy for others and self
- Accountability: We walk the talk and hold ourselves accountable for what we say & do
- Care: We care and seek to enrich our colleagues and customers
- Pragmatism: We make pragmatic decisions that balance data, rapid execution, and fast learning
- Courageousness: We exercise courageousness, bringing new ideas to continuously improve our service
Funding (last 2 of 7 rounds)
Feb 2018
$31.6m
LATE VC
Nov 2016
$23m
SERIES B
Total funding: $68.4m
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