As part of our Series A funding round partners, New Enterprise Associates, Inc. (NEA) will aid KONUX to expand the product platform, roll out products in volume and establish KONUX as a leading company for machine insights. NEA is a global venture capital firm with nearly $17 billion in cumulative committed capital since the firm’s founding in 1977. NEA invests in technology and healthcare companies at all stages in a company’s lifecycle. The firm’s long track record of successful investing includes more than 200 portfolio company IPOs and more than 320 acquisitions since its founding.
Another one of our Series A investors, MIG Verwaltungs AG is a leading German VC investor with an investment focus on early to mid-stage technology and life science companies. The portfolio of the funds managed by MIG currently comprises 26 companies.
We won the first prize at the European Siemens New Venture Forum 2014. In a cooperative project with Siemens we analysed potential new applications for our KONUX technology. TTB, the Siemens Technology-to-Business Center, was specifically created to drive forward the collaboration between Siemens and innovative start-ups.
As partners we are working on the sensors technologies of the future. Fraunhofer Institute is one of the top research and development partners in the future-oriented industrial sectors automotive and engineering.
Technische Universität München (TUM) is one of the best universities in Europe and is characterized by excellence in research and teaching, interdisciplinarity and the promotion of talents. In addition to that, it has strong alliances with companies and scientific institutions around the world. TUM is one of the first three Universities of Excellence in Germany.
In 2014 we won the $100k Founder.org grant out of more than 1,000 international startups. FOUNDER.org is an accelerator program created by Silicon Valley founding expert Michael Baum, which invests in student entrepreneurs from the world’s leading universities. Outstanding companies are selected for the so-called ‘Company Building Program’ which helps them meet the challenges on their way to a global player.
We won the first prize at the European competition in the field of cyber physical systems 2014. EIT Digital is a leading European organisation for Innovation and Education in the field of Information and Communication Technologies (ICT) and was established at the initiative of the European Union.