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.

Read more: Deutsche Telekom unveils €10 NB-IoT offer for businesses

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms