Munich Re buys IoT middleware startup, relayr, in deal worth $300M
Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls,
startup relayr has been acquired by insurance group Munich Re in a deal which values the company at $300 million.
TechCrunch
https://techcrunch.com/2018/09/04/munich-re-buys-iot-middleware-startup-relayr-in-deal-worth-300m/