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LANDSHUT, Germany, May 6, 2021 /PRNewswire-PRWeb/ HiveMQ, a global leader of enterprise MQTT solutions, announced they have raised €9.3 million in a seed funding round. The funding 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.
HiveMQ helps companies connect millions of IoT devices to the cloud in a reliable, scalable and secure manner. Its 130+ production customers include global brands such as BMW, Daimler, Deutsche Telekom, Liberty Global, Moen, Siemens, ZF and many more.
HiveMQ will leverage the new funding round to significantly expand sales and marketing efforts, capitalizing on the market demand for IoT solutions. HiveMQ will also increase R&D investment in their cloud-managed MQTT service and introduce new products into the market.
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 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.
Led by Christian Götz, CEO and co-founder, 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.