HiveMQ: Raises €9.3M in Seed Funding

  • HiveMQ, a Landshut, Germany-based provider of solutions to allow companies to connect devices to the Internet, raised €9.3m in seed funding
  • The round was led by Earlybird Venture Capital and Senovo Capital Management with participation from business angels Ali Kutay, Mirko Novakovic, Daniel Schellhoss and Charles Songhurst
  • The company also intends to use the funds to expand sales and marketing efforts, increase R&D investment in their cloud-managed MQTT service and introduce new products into the market
  • HiveMQ provides companies with a platform to move data from device to cloud in a secure and scalable manner
  • Over 130 customers, including many Fortune 500 companies, use HiveMQ in production for mission-critical use cases like connected cars, transportation, logistics, Industry 4.0 and connected IoT products
  • Its customers include global brands such as BMW, Daimler, Deutsche Telekom, Liberty Global, Moen, Siemens, ZF and many more
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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