MUNICH, Germany KONUX strengthens its operations with a renowned international rail industry expert: As of February 1, Andreas Busemann will take on the newly created role of Chief Revenue Officer (CRO) at the Munich-based AI scale-up. Busemann previously served as CEO of Vossloh AG, held board and management positions at several subsidiaries of Deutsche Bahn AG, and was the CEO of the Siemens Rail Automation Division.
Andreas Busemann, CRO | Photo credits: Manuel Kunkel; (Download) *
"We are very proud that Andreas, who is a proven rail expert, decided to join KONUX. He is an important asset and a great addition to our team on our way to transform railway operations for a sustainable future. With many years of industry experience, Andreas has a deep understanding of our customers’ various requirements concerning the modernization of their infrastructures. His know-how and experience both from a rail operator’s perspective and regarding rail technology are very valuable for KONUX." said Andreas Kunze, KONUX co-founder and CEO.
Andreas Busemann described his motivation to join KONUX as follows: "If you want to strengthen rail, you have to make it smart. Smart rail is the key for rail operators to gain much greater benefit from the existing infrastructure than before. Digitalization plays a key role in this. KONUX’s cloud-based SaaS model helps our customers to become much faster in implementing digital technologies. And as a neutral and independent player, KONUX focuses entirely on optimizing infrastructures, rather than selling them. To me, this innovative approach, combined with the agility of the entire team, is totally convincing."
KONUX is one of the largest AI scale-ups in Europe in the field of sustainable transportation. Based on its own AI-Core, KONUX is building SaaS products, using IIoT devices and machine learning to improve railway network capacity, reliability, and cost-efficiency. (Learn more about our Predictive Maintenance System for Rail Switches)
KONUX is already active in ten countries, both in Europe and the most important rail markets in Asia. At the end of 2020, KONUX and Deutsche Bahn (DB) concluded the first ever long-term cloud-based SaaS framework agreement on the digitalization of DB’s switches as critical elements of the rail infrastructure. (Read the press release about KONUX’s collaboration with DB here) KONUX recently received $80 million in a Series C financing round. Among the investors are German-based Sanno Capital and Athos, the family office of the Strüngmanns, who are also BioNTech’s largest shareholder. (Read the press release about KONUX’s series C round of funding here)
KONUX is a leading German AI scale-up, transforming railway operations for a sustainable future. The company combines Machine Learning and IIoT to deliver Software-as-a-Service (SaaS) solutions for operation, monitoring, and maintenance process automation. KONUX increases capacity, reliability, and cost-efficiency to make railway the mobility choice of tomorrow. Since its foundation in 2014, KONUX has raised more than $130 million from world-leading investors, expanded to ten countries in Europe and Asia, and was selected by the World Economic Forum (WEF) as one of the world’s 30 most innovative start-ups and scale-ups worldwide. For more information please go to www.konux.com.
Dr. Hans Juergen Croissant
Company Spokesperson
Tel.: +49 163 7013035
Email: [email protected]