Smart sensor monitoring systems, supported by EIT Digital
KONUX's smart sensor systems visualise and predict the industrial world, empowering industrial and rail companies to reach a new level of asset performance and helping to digitise the rail industry. KONUX does so by offering a smart sensor solution for industrial Internet of Things (IoT) applications and intelligent, networked systems. The venture offers industrial IoT solutions combining smart sensors, data fusion and AI-based analytics to increase asset availability and optimise maintenance.
They joined the EIT Digital Accelerator, also in 2014, after winning first prize and EUR 40 000 in the Idea Challenge start-up contest in the Cyber-Physical Systems category. Within the EIT Digital Accelerator, KONUX benefited from sales training across Europe and expanded its network in the US through the business development team at EIT Digital's Silicon Valley hub. Already by the end of 2014, KONUX had secured US incorporation, expanded its team and opened a new office in Munich. In the spring of 2016, EIT Digital assisted KONUX with a successful roadshow in Silicon Valley, bringing substantial investments. KONUX has also been featured by Forbes on their 30 under 30 list.
Currently, KONUX is active in ten countries, both in Europe and in the most important rail markets in Asia. At the end of 2020, KONUX and Deutsche Bahn (DB) concluded long-term framework agreement on the digitization of DB’s switches, as critical elements of the rail infrastructure to make passenger travel and cargo transportation more reliable. Read more about this news here.
Since its foundation in 2014, KONUX has raised close to €110 million from world-leading investors, expanded to multiple countries in Europe and Asia, and was selected by the World Economic Forum (WEF) as one of the world’s 30 most innovative startups and scaleups worldwide.
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