Nexxiot provides hardware and an intelligent cloud platform to digitize non-powered cargo transport assets such as railcars, intermodal and tank containers, sold via a flexible subscription model. Its devices are maintenance-free for a minimum of six years and carry HazLoc certification for dangerous industrial environments, including U.S. standards. The company’s solutions are deployed in more than 160 countries, operate across 450 network roaming partners, process over 1.2 billion data points per month and store data from more than 2.5 billion traveled miles. Nexxiot emphasizes Swiss quality, military-like data security, and an open ecosystem that supports integration of sensors and third-party devices. The company employs staff across 20 countries and operates in Germany and the USA in addition to its Switzerland headquarters. Nexxiot plans to use new funding to accelerate global growth and specifically expand in North America while further developing its technology. Nexiot is a spin-off from ETH Zurich founded in 2015. It builds a hardware and software solution for the logistics industry comprising a range of smart sensors, cloud infrastructure and a user-facing connectivity platform. The company is Zurich-founded and currently has offices in Hamburg, Germany, and Dallas, USA. Nexiot has raised €13 million in a Series B funding round. The startup plans to use the fresh funding to hire more people and kickstart international sales. The article does not disclose revenue, user metrics, or a full investor list beyond those named.

Total raised

$40M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2021