Munich Re buys IoT middleware startup, relayr, in deal worth $300M
1–10 of 20 posts
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#2I met a Trusted Certified Binary Options Recovery Expert through there happy again client's recovery reviews that they've recently helped to put smiles back on their faces after been cheated and scammed of their hard earned money . I invested with four binary companies and lost all of my investments totalling £720,000 Then I was contacted by someone offering help – a company who specializes in binary recovery. I was scammed by them again. By the end of it all I had lost all of my savings and I was in serious debt. I was desperate for help and that made me vulnerable to recovery scams. My husband is not around anymore and I have an 8 year old son with learning difficulties. The pressure of being a single, working mother with a child who needs so much additional attention and support became overwhelming for me. I also felt too traumatized to trust anyone else and I was very afraid, but I had no choice other than to trust Viapreferred@GMAIL.COM. He has been incredibly helpful and supportive and also very understanding about all of my fear and concerns he helped recover all of my funds back within a week using unethical means OR SKYPE contact - Parker joas . I really hope that others do not have to go through what I did, and I wish that I had realized before things were so bad that I was being scammed.
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#3Kind of surprised by a sum that high.
From everything I've heard from people close to the company they've been struggling really hard to close big contracts (and spending a lot of time/money/effort on building prototypes for that), and they've been hemorrhaging employees the last year.
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#4Kind of surprised by a sum that high. From everything I've heard from people close to the company they've been struggling really hard to close big contracts (and spending a lot of time/money/effort on building prototypes for that), and they've been hemorrhaging employees the last year.
Judging by what former employees say, also an extremely questionable management team, at least in the Berlin office.
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#5Kind of surprised by a sum that high. From everything I've heard from people close to the company they've been struggling really hard to close big contracts (and spending a lot of time/money/effort on building prototypes for that), and they've been hemorrhaging employees the last year.
I can confirm this - I got similar information from several employees. The market is extremely hard and doesn't scale well. They did a great job solely by surviving and I'm really happy, that their hard work is rewarded now.
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#6Kind of surprised by a sum that high. From everything I've heard from people close to the company they've been struggling really hard to close big contracts (and spending a lot of time/money/effort on building prototypes for that), and they've been hemorrhaging employees the last year.
In the end, they closed the biggest contract that matters.
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#7Kind of surprised by a sum that high. From everything I've heard from people close to the company they've been struggling really hard to close big contracts (and spending a lot of time/money/effort on building prototypes for that), and they've been hemorrhaging employees the last year.
Considering they have raised 66M it isn't really a high sum. More like a "happy somebody bought it" deal.
https://www.crunchbase.com/search/funding_rounds/field/organ...
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#8Munich Re is in the (re)-reinsurance business, but they apparently own HSB which appears to be telecom-related so it could make sense to buy an IoT middleware startup. Can anyone explain the relationship between these Munich Re and HSB? They seem to be two different, non-complementary lines of business.
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#9Munich Re is in the (re)-reinsurance business, but they apparently own HSB which appears to be telecom-related so it could make sense to buy an IoT middleware startup. Can anyone explain the relationship between these Munich Re and HSB? They seem to be two different, non-complementary lines of business.
From my understanding, HSB is the industry arm of Munich Re. For insuring industrial facilities, expertise in auditing those is needed, and they also sell that expertise. IoT fits in there as a way of collecting more data, improving the quality of their risk assessment, selling monitoring equipment also means being able to avoid insurance cases, monitoring of SLAs that are insured, ...
Re: Munich Re buys IoT middleware startup, relayr, in deal worth $300M
#10Munich Re is in the (re)-reinsurance business, but they apparently own HSB which appears to be telecom-related so it could make sense to buy an IoT middleware startup. Can anyone explain the relationship between these Munich Re and HSB? They seem to be two different, non-complementary lines of business.
From my understanding, HSB is the industry arm of Munich Re. For insuring industrial facilities, expertise in auditing those is needed, and they also sell that expertise. IoT fits in there as a way of collecting more data, improving the quality of their risk assessment, selling monitoring equipment also means being able to avoid insurance cases, monitoring of SLAs that are insured, ...
Thank you for the explanation. Never thought of insurance companies having an interest in IoT.