Press release

Mnubo raises $16.5M Series B from Munich Re/HSB Ventures, White Star Capital, McRock Capital and other investors

1 min readMONTREAL–(BUSINESS WIRE)–Mnubo, a leading Internet of Things (IoT) Data Analytics and Artificial Intelligence [...]

1 min read

MONTREAL–(BUSINESS WIRE)–Mnubo, a leading Internet of Things (IoT) Data Analytics and Artificial Intelligence (AI) company, today announced that it has raised $16.5 million in Series B financing, as part of an oversubscribed round, to accelerate the international growth of its SmartObjects™ IoT Analytics and Data Science solution that helps worldwide equipment manufacturers and service providers advance their data monetization strategy.

The investment led by HSB Group, part of Munich Re, is being made in parallel with an HSB strategic commercial partnership with Mnubo; in which both companies will collaborate to bring to market financial products that provide risk management and ROI-enablement for Mnubo’s customers making IoT investments.

Read about how this strategic partnership will help equipment manufacturers and service providers advance their IoT data monetization strategy here.