Nexxiot AG

Nexxiot is a spin-off company from ETH Zürich, one of the worlds top technical universities. They are built on over 10 years of research in complex systems, big data algorithms and ultra low-power embedded technology.

Visit website www.nexxiot.com

Download high-res image by clicking on the title.

Logistics digitisation pioneer Nexiot AG poised for further growth after securing CHF15 million investment


Existing investors including Credit Suisse (SVC) are amongst the companies backing digital supply chain solution provider Nexiot AG

Zürich, Switzerland, Tuesday 22nd January 2019 – Nexiot AG, an enabler of logistics digitisation, is poised for further growth after securing a  CHF15 million (USD15.5 million) investment  Round Series B-1.

SVC Ltd for Risk Capital for SMEs, an investment vehicle of Credit Suisse in Switzerland, is among the companies backing the Zürich-headquartered tech company, along with leading Swiss insurance company Mobiliar Versicherungen, which previously invested in Nexiot.

Nexiot will continue to develop new technology for the logistics industry, to further scale its team, and expand its commercial activities internationally.

“The additional investment from a range of companies in Nexiot AG is a vote of confidence in our mission to develop unique solutions to drive global logistics digitisation,” said Marcel Scheurer, Chief Financial Officer (CFO), Nexiot AG.

“This development highlights our growing global success story and strengthens our leadership position in enabling the digital supply chain with true end-to-end solutions, in order to increase efficiency, as well as generate additional revenue streams and increase value for our clients and partners.”

Nexiot was launched in 2015 and is a spin-off company from ETH Zürich, one of the world’s top technical universities, and is the result of over 10 years of research in connectivity, complex systems, Big Data algorithms and ultra-low-power embedded technology.

The company has expanded rapidly since its founding, quadrupling its team in size and last year opened new offices in Hamburg, Germany, and Dallas, USA, with further ongoing international expansion plans.

For more information visit www.nexiot.ch

ENDS

About Nexiot AGZurich, Switzerland-headquartered Nexiot AG is recognised as both a pioneer and an industry leader in developing and providing digital supply chain management solutions.Launched in 2015, the company is a spin-off from ETH Zürich, one of the world’s top technical universities, borne out of 10 years of research into complex systems, Big Data algorithms, and ultra-low-power embedded technology.Since its founding, Nexiot has gone from strength-to-strength, with a rapidly growing client base and evolving array of business cases for employing Nexiot’s technological solutions and services.The team has quadrupled in size, consolidating expertise into a wide range of complementary competences, and three successful rounds of investment is allowing the company to pursue ambitious global expansion plans.To find out more visit www.nexiot.chFor further information contactUwe BormannVice President MarketingNexiot AGUwe.bormann@nexiot.ch

Download Images

Download the high-res image directly from the download button or title link.

Plain text Press Release

All formatting has been removed. Click on the text to select all and copy to your heart’s content!

Zürich, Switzerland, Tuesday 22nd January 2019 – Nexiot AG, an enabler of logistics digitisation, is poised for further growth after securing a  CHF15 million (USD15.5 million) investment  Round Series B-1.

SVC Ltd for Risk Capital for SMEs, an investment vehicle of Credit Suisse in Switzerland, is among the companies backing the Zürich-headquartered tech company, along with leading Swiss insurance company Mobiliar Versicherungen, which previously invested in Nexiot.

Nexiot will continue to develop new technology for the logistics industry, to further scale its team, and expand its commercial activities internationally.

“The additional investment from a range of companies in Nexiot AG is a vote of confidence in our mission to develop unique solutions to drive global logistics digitisation,” said Marcel Scheurer, Chief Financial Officer (CFO), Nexiot AG.

“This development highlights our growing global success story and strengthens our leadership position in enabling the digital supply chain with true end-to-end solutions, in order to increase efficiency, as well as generate additional revenue streams and increase value for our clients and partners.”

Nexiot was launched in 2015 and is a spin-off company from ETH Zürich, one of the world’s top technical universities, and is the result of over 10 years of research in connectivity, complex systems, Big Data algorithms and ultra-low-power embedded technology.

The company has expanded rapidly since its founding, quadrupling its team in size and last year opened new offices in Hamburg, Germany, and Dallas, USA, with further ongoing international expansion plans.

For more information visit www.nexiot.ch

ENDS

About Nexiot AGZurich, Switzerland-headquartered Nexiot AG is recognised as both a pioneer and an industry leader in developing and providing digital supply chain management solutions.Launched in 2015, the company is a spin-off from ETH Zürich, one of the world’s top technical universities, borne out of 10 years of research into complex systems, Big Data algorithms, and ultra-low-power embedded technology.Since its founding, Nexiot has gone from strength-to-strength, with a rapidly growing client base and evolving array of business cases for employing Nexiot’s technological solutions and services.The team has quadrupled in size, consolidating expertise into a wide range of complementary competences, and three successful rounds of investment is allowing the company to pursue ambitious global expansion plans.To find out more visit www.nexiot.chFor further information contactUwe BormannVice President MarketingNexiot AGUwe.bormann@nexiot.ch

Nexiot is a spin-off company from ETH Zürich, one of the worlds top technical universities. Our company is built on over 10 years of research in complex systems, big data algorithms and ultra low-power embedded technology. Our power independent communication solution has operations and sensors fully integrated. This means remote connectivity is coupled with powerful business logic and interfaces to enterprise software to facilitate mission critical information management.