Zurich – Startup Nexxiot from the Greater Zurich Area is developing new sensors for the area of logistics. Goods wagons and tank containers equipped with Nexxiot sensors can deliver data in real time. Funding from DiaMedCare AG will guarantee the long-term production of these devices.
Nexxiot is a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH). The company develops sensor systems that offer outstanding value added for the whole logistics sector. The sensors can be attached to goods wagons or tank containers, for example. The recorded data is processed and analyzed there, and then made available to customers. As a result, it is possible to register shock events or any damage, a press release explains. Customers reportedly also have access to a wide variety of services, ranging from fleet management to freight monitoring. The new sensors have the necessary certification for operation in areas where there is a constant risk of an explosion, for instance, when loading and unloading tank containers.
DiaMedCare AG is now providing funds of 35 million Swiss francs to Nexxiot, guaranteeing the long-term production of the devices. The company offers asset-based funding solutions for highly innovative and strongly growing companies in the health sector. By funding the Nexxiot sensor systems, DiaMedCare is expanding its new kind of hardware-as-a-service funding to other technology-oriented, forward-looking sectors.
“We’re convinced that the Nexxiot sensor systems offer outstanding value added for the whole logistics sector and we can also significantly accelerate the global growth of Nexxiot during the next few years as its strong funding partner,” says Jörg Schmidt, CFO of DiaMedCare. About 45,000 objects, such as goods wagons and tank containers, are currently equipped with Nexxiot sensors. Between 4,000 and 5,000 are being added to this number every month.
Nexxiot is headquartered in Zurich and has offices in Germany and the USA.