Berlin-based IoT platform Relayr uses data insights from existing tools, machinery, and manufacturers to boost business results for its customers. It enables industrialized companies to shift from CAPEX to OPEX-based offerings within their respective markets, offering a unique combination of first-class IoT technology and the ability to deliver solid financial and assurance offerings, all from a single source trusted by hundreds of companies globally.
Background and History of Relayr:
Relayr was created in 2013 with the aim of helping software developers hack hardware, at a time when developer interests in IoT technology were just taking off. The startup went on to create a boot camp and crowdfunded an attractive hardware starter kit before boosting its structure to a cloud services platform that acts as a central core for information.
Relayr Advancement and Services:
Relayr further refined its platform to handle the needs of trade IoT platforms which is currently used by around 130 industries. Relayr’s middleware platform enables device data to be collated and communicated between any service, any sensor, any software, or any hardware. Also, it can function in the cloud, on-premise, or a crossover depending on the customers’ needs.
Relayr did not reveal its investors in its 2014 funding round, saying that they were unidentified from both the U.S. and Switzerland. Kleiner Perkins and Munich Re, via its HSB secondary which is acquiring Relayr, were named as investors in afterward rounds, along with Deutsche Telekom. Assurance giants and Telco have a clear planned interest in IoT platforms with the expertise to drive system usage and value on the Telco side and transformative possibilities for the insurance industry as data streams can be worn to check and forecast expensive failures.
Relayr relationship with developed companies:
Relayr offers developed companies, which are looking to digitalize their businesses, a “complete range of services” — such as being able to pull out and examine data from equipment and tools to determine when a mechanism is likely to not succeed. Relayr also touts cutting costs, increased energy efficiency, and product quality improvement among the benefits its platform offers.
The achievements of Relayr will allow the IoT platform to expand its original value stack by enabling new profit models, cost reduction, and “enlarged efficiency across industries”. Moreover, it will see an advantage in sitting beneath the recognized Munich Re umbrella — to encourage customers it will be a lasting business associate. Relayr adds that it will keep on sustaining its present hub in IoT for the industrial region.