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A comment on Munich Re buys IoT middleware startup, relayr, in deal worth $300M.

Re:Munich Re buys IoT middleware startup, relayr, in deal wo... by hobofan on Tuesday September 04, 2018 @07:27AM (#17908222)
Kind of surprised by a sum that high.

From everything I've heard from people close to the company they've been struggling really hard to close big contracts (and spending a lot of time/money/effort on building prototypes for that), and they've been hemorrhaging employees the last year.

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Re:Munich Re buys IoT middleware startup, relayr, in deal wo... by cominous on Tuesday September 04, 2018 @07:33AM (#17908256)
I can confirm this - I got similar information from several employees. The market is extremely hard and doesn't scale well. They did a great job solely by surviving and I'm really happy, that their hard work is rewarded now.
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Re:Munich Re buys IoT middleware startup, relayr, in deal wo... by johannes1234321 on Tuesday September 04, 2018 @08:01AM (#17908392)
Considering they have raised 66M it isn't really a high sum. More like a "happy somebody bought it" deal.

https://www.crunchbase.com/search/funding_rounds/field/organ...

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Re:Munich Re buys IoT middleware startup, relayr, in deal wo... by MrBuddyCasino on Tuesday September 04, 2018 @07:32AM (#17908253)
Judging by what former employees say, also an extremely questionable management team, at least in the Berlin office.
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Re:Munich Re buys IoT middleware startup, relayr, in deal wo... by fh973 on Tuesday September 04, 2018 @07:41AM (#17908290)
In the end, they closed the biggest contract that matters.
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