Deutsche Telekom has invested in a start-up that has built a orchestration platform for IoT applications.
The Germany-based operator invested an undisclosed amount in Israel-based Axonize as part of a $6 million funding round, alongside venture capital firms Meron Capital, StageOne Ventures and Cornerstone Venture Partners.
Axonize offers a pre-built application for IoT devices which can be customised to specific enterprise requirements.
The start-up will use the money to enhance its platform and increase hiring for its sales team.
As well as using Axonize’s service itself, the operator plans to collaborate with the start-up to combine its application with its own IoT offerings.
Anette Bronder, Head of Digital and Security Department of Deutsche Telekom, said: “Axonize has developed a unique IoT orchestration platform which addresses our and our customers’ IoT requirements.”
Janiv Ratson, CEO of Axonize, said: “The backing of Deutsche Telekom for our IoT orchestration platform is a strong validation for our unique service provider capabilities. Their IoT business is both visionary and extremely practical and will have a transformative impact on digitisation of their enterprise customers.”
Deutsche Telekom recently announced it was backing start-ups focused on SDN and smart antenna systems as part of its participation in the Facebook-led TIP project.