HomeAcquisitionsBerlin-based IoT success story relayr acquires AI data security startup Neokami

Berlin-based IoT success story relayr acquires AI data security startup Neokami

relayr, the global enterprise Internet-of-Things (IoT) platform provider, today announced its second strategic acquisition within two months. On the heels of its recent acquisition of device management company Proximetry, relayr has now completed the acquisition of artificial intelligence data security company Neokami. With the Neokami acquisition, relayr aims to add robust security to the relayr stack through machine learning and artificial intelligence.

Neokami was founded in 2014 and is based in Munich (Germany) and in the US. Through Neokami, relayr is committed to addressing one of their customers’ top concerns, security for IoT implementations, by ensuring that security features are built into their product stack from the ground up. Not only does the Neokami acquisition integrate security, machine learning, and artificial intelligence capabilities to relayr’s products, but also brings the great talents of Neokami’s team members to work with existing relayr partners.

relayr CEO Josef Brunner stated: “We can only be successful by keeping the success of our customers at the center of our strategy. The acquisition of Neokami, just as with Proximetry, is the result of relayr’s deeply held commitment to listening to our customers and partners feedback and delivering the IoT solutions that they need most.”

relayr, which is headquartered in Berlin, will continue to invest in organic growth of Neokami’s Munich operations, and plans to grow that location to 30 team members by the end of the year. Neokami’s US presence will be merged with relayr’s headquarters in Boston.

relayr was founded in 2013 and is a rapidly growing Enterprise IoT company, providing the enterprise middleware for the digital transformation of industries. relayr develops sustainable IoT solutions, based on the OpenFog IoT reference architecture and it’s own stack. The young company addresses the central challenge of the Internet of Things, digitizing physical objects, with an end-to-end development solution consisting of an IoT cloud platform that communicates from Any-to-Any (any service, any software, any platform, any sensor); open source software development kits; and a team of IoT experts to support rapid prototyping and implementation.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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