European Fund Boundary Holding Announces Funding in German AI Startup KONUX | FinSMEs
8 April 2019 6:18 AM GMT
FinSMEs is the news site for venture capital and private equity deals
- Global investment fund Boundary Holding recently announced its investment in KONUX, an Industrial IoT and AI analytics company based in Munich, Germany.
- Co-Founded by Andreas Kunze (CEO), Dennis Humhal (COO), and Vlad Lata (Vice-Chairman), KONUX combines smart sensors and AI-based analytics to enable higher train punctuality and network capacity through predictive maintenance planning and an optimized utilization of railroads.
- The (undisclosed) investment by Boundary Holding is part of this Series B1 round, facilitating funds for the organization and giving it exposure across different international markets – which considering Boundary Holding's international presence would prove to be helpful for KONUX's international expansion in railway analytics and optimization.
- The investment aligns with Boundary Holding's versatile AI portfolio, its proclivity towards investing in AI-based critical infrastructure and next-gen technologies, related to railway analytics and predictive maintenance.
Next Story
