Three million euros for Cedalo

The Freiburg-based company has now been able to convince two investors with its software products for industrial companies.

Cedalo has received three million euros from Capnamic and the venture capital arm of Landesbank Baden-Württemberg LBBW-VC. Cedalo intends to use the investment to increase its workforce from twelve to 40 employees. The start-up also plans to expand its marketing, sales and product portfolio.

Cedalo currently offers two software products for industrial companies: a message broker called "Mosquitto" and the end-user-oriented software "Streamsheets". Message brokers are network servers that transport data streams to the right recipient in real time, for example for data from software applications, machines and sensors. "Streamsheets is a no-code software based on a Microsoft Excel-like user interface. This enables employees to process and analyze real-time data without any programming knowledge.

"With Cedalo, we are building on two digital revolutions: On the one hand, no-code software allows every employee to become a developer of ground-breaking innovations. On the other hand, access to real-time data opens up revolutionary possibilities for visualizing and using data streams," says Cedalo Managing Director Philipp Struss.

Philipp Struss, Philip Ackermann and Stefan Lölkes have been running Cedalo, which was co-founded by Kristian Raue, since 2017. The Freiburg-based start-up's customers include the mechanical engineering company Arburg, the building automation company Sauter and the industrial group Bosch Rexroth.