Nexiot secures CHF 15 million in series B round

Nexiot is a spin-off company from ETH Zürich that was founded following ten years of research in connectivity, complex systems, big data algorithms and ultra-low-power embedded technology. Today, Nexiot offers power independent communication solutions to help logistics companies increase shipment visibility.

Nexiot’s solution interconnects industrial objects, using maintenance free modules for monitoring and security. The power independent communication solution has operations and sensors fully integrated. This means remote connectivity is coupled with powerful business logic and interfaces to enterprise software to facilitate information management. A powerful ‘event language’ informs Nexiot’s customers of a range of business critical events, so stakeholders can know the status of their asset for automated response or human intervention. Central to the service is the Globehopper smart sensor which provides data on the location and behaviour of non-powered mobile assets. Integrated energy harvesting and an ultra-low energy approach leads to long-term, hassle free, global connectivity for the lifetime of the asset. 

Since its foundation in 2015, the company has expanded rapidly quadrupling its team in size and last year opened new offices in Hamburg, Germany, and Dallas, USA.

“This development highlights our growing global success story and strengthens our leadership position in enabling the digital supply chain with true end-to-end solutions, in order to increase efficiency, as well as generate additional revenue streams and increase value for our clients and partners,” said Marcel Scheurer, Chief Financial Officer (CFO), Nexiot AG.

To fuel growth, Nexiot has secured additional investment of CHF 15 million in a series B round from existing investors including SVC Ltd for Risk Capital for SMEs, an investment vehicle of Credit Suisse in Switzerland, and from Mobiliar insurance company. With the proceeds from the round, the startup plans to develop new technology for the logistics industry, scale its team, and expand its commercial activities internationally.

(Press release - RAN)