Spun out of ETH Zurich, the logistics technology developer has secured $35.2m from DiaMedCare to roll out its upgraded supply chain-monitoring sensors.
Nexxiot, a Switzerland-based supply-chain sensor spinout of ETH Zurich, has received CHF35m ($35.2m) in funding from investment firm DiaMedCare.
Founded in 2015, Nexxiot provides internet-of-things technology that enables logistics providers to improve the efficiency of their operations through tools such as fleet management and freight monitoring.
The company provides smart sensors known as Globehopper units that are attached to objects in the supply chain such as railway cars and tank containers to record data covering movement and shock,…
