KINEXON
Canvas Category Software : Operational Technology : Connected Worker
The Internet of Things (IoT) is a global major trend. It promises a future in which people and processes communicate and interact with each other fully automatically. To achieve this, we need to know the exact location and status of all relevant “things.” Real-time intelligence allows us to connect assets, automate processes, and generate insights as quickly and intelligently as possible. We Are Pioneering Core Elements of IoT – that’s exactly what we at KINEXON do.
Assembly Line
KINEXON Raises $130M in Funding Round Led by Thomas H. Lee Partners
KINEXON, a leader in connected and automated processes, today announced a successful $130 Million Series A fundraise. Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in growth companies, led the round with co-investments from BMW i Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic investment fund. KINEXON will leverage the investment to accelerate the development of its automation technology and to continue its expansion in North America and Europe.
On Factory Floors, a Chime and Flashing Light to Maintain Distance
Businesses like Henkel, a big German chemical company, are trying wearable sensors to prevent virus outbreaks among workers.