Munich, Germany, Jan.15, 2020: The Munich-based AI company KONUX has raised US $80 million Series C financing round, led by impact investor Sanno Capital.
According to a company press release, new to the round is technology investor Athos, the family office of the Struengmanns, who are also the largest BioNTech shareholder. Existing investors participated significantly in this round, including DIVC, and leading Silicon Valley VC New Enterprise Associates (NEA). Furthermore, NEA’s Co-Founder and former Chairman Dick Kramlich is also participating personally in this transaction.
Following this financing round, KONUX claims to be the largest AI scale-up in Europe in the field of sustainable transportation. Based on its own AI-Core, KONUX is building SaaS products, using IIoT devices and machine learning to improve railway network capacity, reliability, and cost-efficiency.
KONUX Founder and CEO Andreas Kunze said in a written statement, “Rail will play a major role in our long journey to lower CO2 emissions. To achieve this, rail infrastructure needs to be upgraded and digitized in order to become the mobility choice of tomorrow. KONUX is perfectly positioned to become a global market leader in rail’s digital transformation.”
Image credit: KONUX