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#News(Startup) [ via IoTForIndiaGroup ]
In a continuation of its trend to bulk up on IIoT like its 2016 puchase of Meshify an IIoT platform now Munich Re buys startup relayr , whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls
Munich Re via HSB acquired relayr and will own 100 percent of the company, valued at US$300 million by this transaction
Relayr offers end-to-end commercial and industrial IoT solutions and will propel Munich Re’s IoT strategy
The joint business model will develop solutions for clients, offering not only technology but also risk management, data analysis and financial instruments
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