HiveMQ provides a messaging platform that facilitates communications between large numbers of connected IoT devices, using the MQTT protocol. The company has served a number of Fortune 500 clients across industries and has been active since 2012. HiveMQ plans to use the new funding to expand go-to-market teams and accelerate R&D in HiveMQ Cloud and its broader ecosystem. Leadership emphasizes the need for a reliable, scalable IoT messaging platform to handle the volume and velocity of data from billions of devices. The company is positioning its platform to address legacy messaging limits around connection counts and data scale as IoT adoption grows. HiveMQ offers a platform and cloud-managed MQTT service that moves data from device to cloud in a secure and scalable manner. Led by CEO and co-founder Christian Götz, the company supports mission-critical IoT use cases such as connected cars, transportation, logistics and Industry 4.0. HiveMQ serves over 130 customers, including many Fortune 500 companies and global brands like BMW, Daimler, Deutsche Telekom, Liberty Global, Moen, Siemens and ZF. The company intends to use the new funding to expand sales and marketing, increase R&D investment in its cloud-managed MQTT service and introduce new products to market. The article notes the company is based in Landshut, Germany.

Total raised

$53M

Funding rounds

2

Latest round

Series A

Latest activity

May 2022