August 24, 2020

907 words 5 mins read

German IoT startup KINEXON secures 15 million loan to fuel global expansion

German IoT startup KINEXON secures 15 million loan to fuel global expansion

KINEXON, a Munich-based IoT company that develops hardware and software, has signed a €15 million venture debt loan from the European Investment Bank (EIB). The loan, which is supported by the European Fund for Strategic Investments, will be meted out in three chunks upon completion of some pre-defined milestones. The financing will help the German [] The post German IoT startup KINEXON secures €1

5 million loan to fuel global expansion appeared first on Tech.eu.

Author: Annie Musgrove

Date: 2020-11-16

URL: https://tech.eu/brief/kinexon-funding/

tech.eu
Scaleway’s new climate strategy pushes data centres to innovate and be greener (2020-11-13) Editors note:This is a sponsored article which means it is independently written by our editorial team but financially supported by another organisation in this case Scaleway If you would like to learn more about sponsored posts on Techeu readthisand contact us if you are interested inpartnering with us Cloud computing is the backbone of the The post Scaleways new climate strategy pushes data cen.. Scaleway’s new climate strategy pushes data centres to innovate and be greener
Today in European Tech: Codemasters sold for £726M, money for Horizon Europe, Seedcamp’s new fund, €80M for SME Finance, and more stories that caught our eyes (2020-11-11) Hello! Here is what happened today in European tech: Deals Gamedev company Take-Two has agreed to buy Codemasters a British gaming company for 726 million in cash and stock Codemasters is best known for the Colin McRae and official Formula 1 racing games and has seen its shares soar more than 60% this year The post Today in European Tech: Codemasters sold for 726M money for Horizon Europe Seedcam..
Talking Medicines raises £1 million to gather patient sentiment for pharmaceutical companies (2020-11-04) Talking Medicines the Scottish startup behind a social intelligence platform for the pharmaceutical industry has raised 11 million to scale the team and roll out a new AI-based platform for patient sentiment The round was led by Tern an investment firm focussed on IoT and joined by The Scottish Investment Bank Scottish Enterprises investment arm The post Talking Medicines raises 1 million to gath..
Today in European Tech: France confirms digital tax plans, Russian video streaming platform ivi.ru next in line for a US IPO, and more (2020-11-26) Hello! Here is what happened today in European tech: Deals Just days after the triumphant NASDAQ IPO of Ozon a leading Russian e-commerce company another Russian digital major video streaming platform iviru has started the registration procedure for a US IPO Amsterdam-based Rodeo a project management software vendor that offers tools for the The post Today in European Tech: France confirms digita..
Today in European Tech: Farfetch fetches $1.1 billion, EU looks at encryption, Pablo Escobar’s brother sues Klarna, and more good stories (2020-11-09) Hello! Here is what happened today in European tech: Deals Online luxury fashion retailer Farfetch has secured an eye-watering $11 billion in funding from Alibaba Swiss watch and jewellery group Richemont The money will be used to fuel the companys expansion to China Israeli app monetisation company IronSource is reportedly gearing up towards The post Today in European Tech: Farfetch fetches $11 ..
Today in European Tech: SoftBank bets big on Sweden’s Sinch, Sweden’s Voi scores $160 million in funding, and more (2020-12-01) Hello! Here is what happened today in European tech: Deals SoftBank will become a significant shareholder in Sinch as it takes over a 10th of the Swedish cloud-based platform provider behind an almost 300% stock-price surge this year Sinchs co-founders have agreed to sell SoftBank 52 million shares Voi the Stockholm-headquartered micro mobility The post Today in European Tech: SoftBank bets big o..
The European Investment Bank Group debuts new €150 million financing instrument to support European AI tech firms (2020-12-03) Earlier today at Web Summit 2020 the European Investment Bank Group EIB Group unveiled a brand new financing instrument to support artificial intelligence companies across Europe The co-investment facility of up to 150 million will allow the EIB Group to invest in promising early-stage and growth-stage AI tech companies alongside funds backed by the European The post The European Investment Bank ..
French data science company Ekimetrics raises €24 million (2020-11-30) Ekimetrics a French company working in data science for enterprise is taking on 24 million in funding from two minority shareholders: Tikehau Capital and Bpifrance Through a combination of technology and consulting and a team of over 240 data scientists the Paris-based business provides industrialized data science solutions for corporations helping them optimise the ROI The post French data scien..
UK-based HungryPanda raises $70 million to expand its online Asian food delivery business worldwide (2020-11-30) London-based HungryPanda which provides a specialist online ordering platform for Chinese customers living abroad in cities around the globe has raised $70 million in funding The round was disclosed this morning by Swedish investment powerhouse Kinnevik which has put up $35 million or half the total amount for the round joining previous investors 83North and The post UK-based HungryPanda raises $..
Insurtech startup Bdeo bags €5 million to strengthen its position in Spain and Latin America (2020-11-17) Madrid-based insurtech company Bdeo has just secured 5 million in Series A funding to continue growing in Europe and Latin America The round was led by BlackFin and joined by previous backers K Fund and Big Sur Ventures who invested 1 million in Bdeos seed round in 2019 The visual intelligence platform digitises some standard The post Insurtech startup Bdeo bags 5 million to strengthen its positi..
iot
Gendac IoT propels Sefeko beyond guard performance monitoring

Gendac IoT propels Sefeko beyond guard performance monitoring

August 24, 2020

Sefeko partnered with Gendac to create an integrated technology eco-system which allowed transformation from digitisation to automation and beyond.
IoT should be a key focus for the construction industry

IoT should be a key focus for the construction industry

August 24, 2020

Only 1 in 4 construction executives think the Internet of Things (IoT) will disrupt their industry, according to GlobalData’s Emerging Technology Trends Survey 2020. By comparison, over half of oil and gas industry executives identified IoT as a disruptive theme for their industry. These results are surprising. IoT Technologies such as sensors, wearables and integration [] The post IoT should be a
New partnership with National Broadband Network Australia annouced

New partnership with National Broadband Network Australia annouced

August 23, 2020

Orange Business Services (OBS) has just announced a partnership with nbn Australia, which will now allow it to add domestic managed services to its offerings for Australian enterprises, including satellite and fixed Internet.{loadads} Orange Business Services has announced a partnership with nbn (National Broadband Network) Australia, through which it can now add domestic managed services, includi
Find out the 3 ways to Consolidate & Optimize your Wholesale B2B Business

Find out the 3 ways to Consolidate & Optimize your Wholesale B2B Business

August 22, 2020

The International voice business will eventually come down as WhatsApp; Facebook Messenger leads the race along with WeChat, QQ, Viber, and others following and overall taking up to 5 Billion monthly active users. Microsoft Teams, Zoom, Skype are taking over the enterprise voice conference call business. But even with these impacting factors, the International Interconnect business is here to stay
Global Demand for Cloud-Native Autonomous Cybersecurity Platform Elevates Valuation to More Than $3 Billion

Global Demand for Cloud-Native Autonomous Cybersecurity Platform Elevates Valuation to More Than $3 Billion

August 22, 2020

SentinelOne, the autonomous cybersecurity platform company, today announced it had raised $267 million in Series F funding led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors, including Insight Partners and Third Point Ventures.{loadads} The significantly oversubscribed round will allow SentinelOne to continue accelerating hypergrowth dri
E&T Innovation Awards 2020: who will the winners be?

E&T Innovation Awards 2020: who will the winners be?

August 21, 2020

While the black ties and cocktail dresses may remain in the wardrobe for this year’s ET Innovation Awards, the change in circumstances opens up the event to the entire engineering and technology community. This year, everyone is invited. For free. All you need to do is register online - it’s free. It is an event that not only rewards industry’s finest, it also inspires. The shortlisted companies a
Why is IoT security still such a problem?

Why is IoT security still such a problem?

August 21, 2020

Research reports illuminating the poor security of Internet of Things (IoT) devices appear with what might be described as alarming regularity. We hear tales of poor password control, read descriptions of security breaches, and then we often hear calls for regulators and governments to do more to stop devices with poor security getting onto the market. With security problems so widely publicised,
How to bring out smart cities inner smartness

How to bring out smart cities inner smartness

August 20, 2020

Does technology make a city “smart”? You might think so to read most articles and books about smart cities. It would seem that a gigantic, cold paw comes down on a city with its IOT, AI, and assorted other tech to make traffic lights, power, and water run smoothly. Never mind whether the public feels [] The post How to bring out smart cities inner smartness appeared first on Verdict.
Managed IoT Service Providers Expand Their Reach

Managed IoT Service Providers Expand Their Reach

August 20, 2020

The world is adding Internet of Things devices at an astonishing rate. According to McKinsey, the number of businesses that use IoT technologies increased from 13 percent in 2014 to about 25 percent last year. And the worldwide number of IoT-connected devices is projected to increase to 43 billion by 2023, an almost threefold increase from 2018.