The Swiss start-up Nexiot intends to attack internationally with big-data analyzes and cloud solutions for logistics. They are targeting container on the ship and cargo on rails. In order to monitor and control the processes along the supply chain, sensors and a cloud platform help to analyze large amounts of data. To further develop its technology they will receive around 13.2 million euros from investors, according to current press releases.
With its solution for the optimization of supply chains, the spin-off of ETH Zurich, founded in 2015. It is aimed at logisticians and specialists for the securing of cargo. The young company is attracting interest from large companies in the financial sector. Nexiot’s financiers include the Swiss bank Credit Suisse and the Swiss Mobiliar insurance company. With the current Series B financing, the start-up secures fresh capital for the third time.
Expansion also from Hamburg
Nexiot now wants to hire new employees and expand into foreign markets. The start-up has already opened an office in Hamburg last year. Also in the US city of Dallas, the young company is now represented. Other countries are also on their plan, they said in a press release. Although, concrete information on the target markets wasn’t yet revealed.
In the logistics industry, some start-ups have been able to convince investors over the past few months. In November Pamyra from Leipzig received an amount in the millions for his brokerage platform. Consumers and companies can use the portal to find forwarding companies for spontaneous transport. The Swiss insurer Helvetia put money in Alarmplane.de last summer. The start-up based in Geestland near Bremerhaven has developed a retrofit alarm system for trucks.
The industry also rates the retail company Otto as attractive. Just a few months ago, the Group has outsourced its own logistics platform with On Demand Commerce (ODC). Many start-ups in the industry are desperately looking for personnel to face up to established corporations, as an evaluation of the Joblift job platform showed last summer.
Also published on Medium.