Kinexon receives 130 million US dollars

The funding will enable the start-up to drive forward its international expansion and scale its operating system.
The Munich-based start-up Kinexon has raised 130 million US dollars in its Series A financing round, as the company announced. The lead investor in the round is the private equity firm Thomas H. Lee Partners. BMW i Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom's strategic investment fund, are also participating in the financing. The company intends to use the new capital to drive forward its expansion in Europe and North America.
"Our vision is a world in perfect flow. Wherever objects, people or processes are in motion, we can improve and automate the underlying processes," says co-founder and co-CEO Oliver Trinchera about the company's goal.
Trinchera founded the start-up together with Alexander Hüttenbrink in 2012. The founders have developed software that is designed to record and automate processes in production, logistics and sport. The technology can be used to track players and balls in real time in sport, for example, and thus obtain data on their performance and game strategy. Customers include BMW, Continental, Siemens and Airbus.

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