Germany’s in.hub closes seven-figure round to deepen industrial digitalisation offering across Europe
Chemnitz-based in.hub has secured a seven-figure add-on financing round to expand its industrial digitalization solutions across Europe. The company provides plug-and-play IIoT (Industrial Internet of Things) solutions designed to simplify digitalization for various players in the industry, including manufacturers, machine builders, and software providers. This investment highlights the ongoing focus on advancing digital transformation within the manufacturing sector. The investment round includes existing investor TGFS Technologiegründerfonds Sachsen and new participant SBG – Sächsische Beteiligungsgesellschaft, supported by the Sachsen (RIG) program. in.hub's solution includes hardware and software components aimed at small and medium-sized enterprises. The company differentiates itself by combining hardware expertise with software competence, offering IoT modules for on-site installation and a platform called siineos to process data locally without cloud dependency. This funding will support the expansion of in.hub's business model, focusing on an academy, services, and a marketplace. This will include a training platform, consulting services, and a platform for offering digital services. The goal is to enable businesses to gain deeper insights into their machines and streamline the digitization process. This financing follows other recent investments in the European industrial IoT and manufacturing digitalization sector. In Austria, MAVOCO raised €11 million, while Packwise in Saxony, and HaloTech Digital Services in Spain, also secured significant funding, showing strong momentum in the DACH region for smart manufacturing solutions.
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