IoT Tech News | September 05, 2018
German reinsurer Munich Re, through its subsidiary Hartford Steam Boiler (HSB), has acquired 100% of IoT middleware startup Relayr, at a valuation of $300 million. Relayr, which has partnered with HSB and Munich Re since 2006, will continue to function as an independent entity to maintain its distinct company culture, drive innovation and attract IoT talent. What’s more, the companies noted that Relayr will benefit from the Munich Re/HSB network’s stability and financial strength, wi...
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