Skip to main content

Global investment fund Boundary Holding invests in AI startup KONUX

Boundary Holding, a global investment fund founded by Rajat Khare, recently invested in KONUX, a German company that deals in Industrial Internet of Things (IIoT) and artificial intelligence analytics. Co-founded by Andreas Kunze (CEO), Dennis Humhal (COO), and Vlad Lata (Vice-Chairman), KONUX uses predictive maintenance to ensure the optimal utility of railroad structures present across the globe. 
With the help of this new-age maintenance technology that is driven by the amalgamation of smart sensors and artificial intelligence empowered analytics, KONUX aims at  resolving the issues associated with railway networks such as train delays, network capacity utilization, etc. The investment is inspired by the steady rise of Industrial Internet of Things (IIoT), a unique field that focuses on the assimilation of conventional industries with next-generation technologies like artificial intelligence, big data, and predictive analytics. 

The final terms of the deal, which include the total amount of funds (undisclosed), Rajat Khare’s appointment as the Director of KONUX, and the potential of the investment, were mutually discussed and finalized in a closed setup meeting held in London and Zurich. The common vision, analysis, and future expectation between Andreas Kunze and Rajat Khare is speculated to have laid the strong foundation for this deal.  

Apart from Boundary Holding, companies such as Alibaba Group, New Enterprise Associates (NEA), MIG AG, Upbeat Ventures, and Andy Bechtolsheim (German billionaire) have also invested in KONUX. Raising €11.5 million in the extension of the Series B funding round, the company has managed to garner €29 million within the last year. Factoring in the overall success of the company, KONUX has a current total fund evaluation of nearly €44 million.

Talking about the investment, Rajat Khare, Director of KONUX and founder of Boundary Holding, said, “We are glad to invest in KONUX and add it to our portfolio of investments. Apart from being a rather promising endeavour, KONUX and Andreas’ vision and passion are aligned with Boundary Holding’s core values and what we ourselves greatly respect and espouse. The synergy, thus exists on both the professional and personal front. The investment is bound to create a definitive, long-lasting, and fecund association.”
While Boundary Holding continues to maintain its portfolio of investing in companies that operate on next-generation technologies, the KONUX deal further demarcates the entry of the global investment fund as a potential investor for other companies working in the field of Industrial IoT.


Popular posts from this blog

Benefits Of Home Automation And Smart Appliances

Any human being living on this Mother Earth needs three factors for survival. They are food, clothing, and shelter. And when you have your own home, it is the safest place for your family members. There is seldom any home, in any part of the developed world, which does not have home appliances. In recent times, it is home automation which is the order of the day. In this article, let us discuss the benefits of home automation and smart appliances.

So, what was the first impression you got on the title? Saving money and state-of-the-art electronic appliances. Shall we look at some?
1. Benefits Of Home Automation - Savings

Let it be any smart home electronic appliance, they will save energy. Yes, they may be more expensive, but they will cut utility costs. There are some appliances which can be used for monitoring water usage. So, they can put a firm control on huge water bills.
2. Benefits Of Home Automation – Safety

When it comes to home automation technologies, prime importance is given t…

Raksha Bandhan(Rakhi): The Festival of Bond and Strength

Saga of Raksha Bandhan(Rakhi)
One of the most celebrated festival in India Raksha Bandhan also known as “Rakhi” falls in the month of August. Rakhi defines the bond between a brother and sister, which is one of the most special bond of nature. According to Mahabharata “Draupadi- wife of Pandavas” tied a piece of her cloth on the wounded hands of Lord Krishna, and in return Lord Krishna Later protected Draupadi from Kauravas by supernaturally providing her with Sari of infinite length, when the Kauravas were trying to disrobe her.

From then till now this act is being practiced all over India which shows the love between brother and sister.  In this Sister ties “Rakhi- thread of strength” on the wrist of her brother which is followed by exchanging sweets and gifts to each other. By tying Rakhi she prays for the long life of her brother and lets him know that he is the most precious person in her life.  The brother then promises to be with her in every ups and downs in life and protect …

9 Realistic Marketing Techniques for Gift Cards Online

Gift cards online are an effective way to drive sales and attract more customers. It encourages return visits to the e-retail site, and thus is one of the most important tools to leverage a business that has its presence on the internet. Marketing a gift voucher is best achieved during a peak season and holidays, such as Mother’s Day, Valentine’s Day, etc. We find several gift shops on the internet using the tactic of gift cards to tap new and old customers.

 So what is a Gift Card?
A gift card is simply a prepaid stoned-value money card issued by the retailer. The same can be utilized as alternative to cash payment for any goods or services purchased from the specific retailer or related business. It has been found that customers prefer gifting a gift coupon to others rather than hard cash or an item. Several shopping sites such as Amazon, Flipkart and similar competitors have also introduced the system of gift vouchers, today.

Gift cards online come in two basic formats: 

Electronic Gi…