Home Computer Technology Munich Re acquires IoT middleware platform provider Relayr for $300 million

Munich Re acquires IoT middleware platform provider Relayr for $300 million

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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 innova…
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