Software company TeamViewer invests in IoT startup Cybus
Cybus, a Hamburg-based startup in the field of industrial Internet-of-Things (IoT) solutions, has received a significant strategic investment from TeamViewer. The globally active company, headquartered in Göppingen, is a market leader in the remote connection and digitalisation of workplaces. At the same time, TeamViewer has also invested in the American data platform Sight Machine. The total financing volume is in the low double-digit million range; Cybus' share is not known.
Cybus digitises industrial production
Cybus specialises in industrial IoT solutions for large production environments. The Cybus data hub collects, processes and distributes industrial data and enables seamless communication between the various devices, machines and processes in a smart factory. The solution supports scalable configurations across multiple factory sites and is tailored to production-critical processes. Global companies such as Liebherr and KRONE are improving the efficiency and sustainability of their production with IoT solutions from Cybus.
In March 2022, Cybus had already closed a series A financing round of around eight million euros with PwC Germany via the investment company PwC Holdings Germany GmbH as the main investor. With the current series A+ round, the company is now expanding its reach: TeamViewer's investment will enable Cybus to expand its scalable solutions to newly acquired customers across multiple factory locations in the coming year.
