German IoT middleware startup Relayr which offers end-to-end commercial and industrial IoT solutions has been recently acquired by Munich Re, the reinsurance company based in Munich, Germany for €250 million ($300 million). This investment will be used to propel the IoT strategy of the insurance group and develop solutions for clients.
Founded in 2013, the Startupbootcamp Amsterdam alumnus Relayr is one of the pioneers in offering IoT solutions back then. Later the same year, the company took part in a 3-month NFC & Contactless accelerator program at Startupbootcamp Amsterdam, which is one of the leading startup and corporate innovation programs in the world.