The Munich startup KONUX, which specializes in the production of intelligent sensor systems for Industry 4.0 applications, has attracted the top-tier VC NEA (New Enterprise Associates) from Silicon Valley, in addition to the experienced German investors MIG Fonds and UnternehmerTUM Fonds. The consortium is investing a total of 7.5 million US dollars (6.6 million euros) in the Munich-based startup.
Good news: KONUX has won over a top investor from Silicon Valley. The Munich-based startup's secret recipe lies in combining the speed and innovative power of Silicon Valley with the quality and precision of German engineering, says Dr. Sören Hein, partner at MIG and former VP of Infineon.
Other voices also comment positively on the successful financing round:
"The positive decision from one of the largest and most successful VCs in the Valley is a seal of quality for the founding team. It shows that the startup culture in Germany has developed very positively and that the teams are also globally competitive."
says Johannes von Borries, Managing Partner of the UnternehmerTUM Fund and former successful entrepreneur.
The UnternehmerTUM actively supported the Munich startup from the very beginning – including in developing the business plan and financial planning. With this support, the initial idea was able to develop into a successful startup in the industrial environment.
KONUX develops and manufactures customized sensor solutions based on its patented optoelectronic measurement technology. This measurement principle can be used in nine different sensor types to date and can measure a wide range of mechanical and geometric parameters such as torque, pressure, force, and angle.
