News Details :
News Details:
Headline : Switzerland : Nexiot convinces investors with logistics solutions
Summary : Nexiot has taken in a round of financing 15 million francs. The spin-off from the Swiss Federal Institute of Technology Zurich is developing an intelligent solution to improve logistics processes.

According to a press release , the financing round now concluded included the major bank Credit Suisse and the insurance company Mobiliar . Nexiot was able to collect a total of 15 million francs. With the fresh money, the company wants to further develop its solution for the logistics industry.

Nexiot produces sensor modules that do not rely on external power sources. Thanks to the sensors, means of transport can be networked worldwide, such as shipping containers or freight cars, which do not have their own power supply. The solution from Nexiot also includes a cloud platform, which is used to analyze large amounts of data. This makes it possible to monitor and control processes along the supply chain.

Nexiot was spun off in 2015 from the Swiss Federal Institute of Technology Zurich ( ETH ) and is headquartered in Zurich. Since its founding, the company has quadrupled its workforce. In addition, the start-up company opened locations in Hamburg and the US last year and now plans to expand further.