Last KONUX valuation
$79M
Series B · Apr 2018
Last KONUX funding round
$79M
Series C · Jan 2021
Cumulative funding KONUX raised
$131M
across 6 funding rounds
Key investors in KONUX
New Enterprise Associates
MIG Capital
Capmont Technology
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Lothar SteinUVC Partners
Green Bay Ventures
About KONUX
KONUX is a Munich-based AI company deploying machine learning and IoT sensors to optimize railway signaling, track monitoring, and predictive maintenance. Founded in 2014, it operates in Germany, Austria, Switzerland, and Asia, earning World Economic Forum recognition as a top innovator.
Founded
2014
HQ
MunichWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$79M (Apr 2018)
KONUX Valuation
KONUX is currently valued at $79M, based on its Series B in April 2018.
The $20M round was led by MIG Capital and New Enterprise Associates, with participation from Green Bay Ventures and Capmont Technology.
KONUX valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2018 | Series B | $79M |
KONUX Funding History
KONUX has raised a total of $131M across 6 funding rounds.
KONUX's first fundraising round was a $2M seed round in April 2015. The most recent completed round was a $79M Series C in January 2021.
KONUX funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Series C | Sanno Capital (lead); New Enterprise Associates; Richard Kramlich; Capmont Technology | $79M | - | KONUX, a Munich-based AI scale-up founded in 2014, develops SaaS software solutions using self-developed AI software core, sensors, machine learning, and IIoT devices to enhance rail network capacity, reliability, and cost-efficiency through predictive maintenance, particularly for rail switches. The company secured an approximately $80 million Series C funding round on January 14, 2021, led by Sanno Capital, with participation from new investor Athos (Struengmann family office), existing investors including DI Technology (DIVC), New Enterprise Associates (NEA), and personal investment from NEA co-founder Richard (Dick) Kramlich. This round brought KONUX's total funding to over $130 million across multiple rounds, positioning it as Europe's leading or largest AI company in sustainable mobility and transportation, active in ten countries across Europe and Asia, with 50 employees at the time, and notable contracts like digitizing Deutsche Bahn's switches under a cloud-based SaaS long-term framework. Proceeds from the Series C were earmarked for creating over 100 new jobs in data science and software engineering, expanding the product portfolio, extending AI technology leadership, accelerating international expansion, and boosting global footprint. KONUX had previously raised about $50 million prior to this round, including a $20 million Series B extension led by NEA with MIG funds participation. The company was recognized by the World Economic Forum as one of the world's 30 most innovative startups and scale-ups. Investors highlighted KONUX's outperformance of goals, transformation of the transportation industry for sustainability, and global market leadership in its niche. Sources note a potential follow-on Series C-II of $6.11M on February 25, 2021. |
| Feb 2019 | Series B | New Enterprise Associates (lead); Upbeat Ventures; MIG Capital; Alibaba Group | $13M | - | KONUX is a Munich-based startup developing intelligent sensor systems for Industry 4.0, specializing in optoelectronic measurement technology for parameters like torque, pressure, force, and angle, with applications in predictive maintenance for rail technology and industrial facilities. The company combines sensor hardware with AI-based analytics software to monitor assets and predict maintenance needs. In early financing, KONUX raised a seed round of $2 million led by Silicon Valley investors including Michael Baum of Splunk and New Enterprise Associates (NEA). A later round attracted NEA, MIG Fonds, and UnternehmerTUM Fonds, investing $7.5 million to support growth. NEA, a top Silicon Valley VC, participated as lead in the specified 2019 round with investors Alibaba Group, MIG Capital, New Enterprise Associates, and Upbeat Ventures. KONUX has raised over $130-135 million across multiple rounds, including Series B in April 2018 and Series B - II on February 12, 2019, with a total of 9 funding rounds by 2021. The company received awards like the CogX Award in 2018 and was named a World Economic Forum technology pioneer in 2017. |
| Apr 2018 | Series B | MIG Capital (lead); New Enterprise Associates (lead); Green Bay Ventures; Capmont Technology | $20M | $79M | KONUX is a Munich-based AI startup founded in 2014 that develops Machine Learning and IIoT-based SaaS solutions for railway operations, monitoring, and maintenance automation to boost capacity, reliability, and cost-efficiency. The company targets the rail industry to minimize delays and support sustainable mobility. On April 19, 2018, KONUX completed a Series B funding round with investors including MIG Capital and New Enterprise Associates as leads, alongside DI Technology and Green Bay Ventures. KONUX has since raised substantial follow-on capital, including a Series C round of approximately $80 million in January 2021 led by Sanno Capital with participation from existing investors like New Enterprise Associates and new ones like Athos. Total funding across multiple rounds exceeds $130-135 million by 2021. The company planned to use later funds for hiring data scientists and engineers to expand products. KONUX operates in the transport tech sector, competing with firms like Pricefx in pricing software and others in AI services. It expanded to ten countries in Europe and Asia, earning recognition from the World Economic Forum as one of the top 30 innovative startups. |
| Mar 2017 | Series A | New Enterprise Associates (lead); UVC Partners; Upbeat Ventures; MIG Capital; Michael Baum; Foundation Capital; Lothar Stein; Green Bay Ventures; Capmont Technology | $9M | - | - |
| Apr 2016 | Series A | MIG Capital (lead); UVC Partners; New Enterprise Associates; FOUNDER.org; Andy Bechtolsheim; Warren Weiss; Oliver Buecken; Lothar Stein | $8M | - | KONUX is a Munich-based AI and IoT company focused on railway operations, combining machine learning with sensor technology to enable predictive maintenance and reduce train delays. The company raised $7.5 million in a Series A round in April 2016, as confirmed by multiple sources. The round included participation from technology and venture investors, with the company using proceeds to develop its software platform and analytics capabilities for railway operators. By 2016, KONUX had expanded its team and was working with major railway operators like Deutsche Bahn to reduce maintenance costs through real-time infrastructure monitoring. The company would go on to raise significantly more capital in subsequent rounds, including a $20 million Series B in April 2018 and an $80 million Series C in January 2021. |
| Apr 2015 | Seed | Michael Baum (lead); Andreas Kunze; Maximilian Hasler; Oliver Buecken; Lothar Stein; Dennis Humhal | $2M | - | - |
Who has invested in KONUX?
19 investors have backed KONUX across its funding rounds, including New Enterprise Associates, MIG Capital, Capmont Technology, Lothar Stein, UVC Partners and Green Bay Ventures.
Lead investors include Sanno Capital, New Enterprise Associates, MIG Capital and Michael Baum.
KONUX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 5 | Lead | Apr 2016 | |
| Los Angeles, CA | 4 | Lead | Apr 2016 | |
| Lothar Stein | Munich | 3 | Participant | Apr 2015 |
| Munich | 3 | Participant | Mar 2017 | |
| Munich | 2 | Participant | Apr 2016 | |
| Upbeat Ventures | Munich | 2 | Participant | Mar 2017 |
| San Francisco, CA | 2 | Lead | Apr 2015 | |
| Oliver Buecken | Munich | 2 | Participant | Apr 2015 |
| San Francisco, CA | 2 | Participant | Mar 2017 | |
| Andreas Kunze | Munich | 1 | Participant | Apr 2015 |
| Germany | 1 | Lead | Jan 2021 | |
| San Francisco, CA | 1 | Participant | Apr 2016 | |
| Maximilian Hasler | Germany | 1 | Participant | Apr 2015 |
This data is available for Pro users. Sign up to see all 19 KONUX investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialKONUX Competitors
KONUX competitors include listed companies like EROAD and Razor Labs, and private ones like Unleash live, DAIM Research, Fintor and qbiq.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Sydney | Private | - | - | $64M | - | |
 New Zealand | Publicly listed | $107M | ($62M) | $109M | 1.1x | |
 Israel | Publicly listed | $11M | ($5M) | $72M | - | |
 Seoul | Private | - | - | $68M | - | |
| San Francisco, CA | Private | - | - | $80M | - | |
| New York City, NY | Private | - | - | $80M | - |
KONUX Public Comps
KONUX is still privately-owned, but its public comps include Viomi, Microlise, SmartDrive, iWOW Technology, Sparc AI, Arbe Robotics, Razor Labs, Blaize Holdings, Unibap Space Solutions and Yojee.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $362M | $25M | - | - | - | - | |||
| $113M | $8M | 0.5x | 0.5x | 7.5x | 4.4x | |||
| $19M | $3M | 4.1x | 2.8x | 23.9x | - | |||
| $32M | $1M | 2.1x | - | 62.8x | - | |||
| - | ($948K) | - | - | (71.9x) | - | |||
| $1M | ($48M) | 68.7x | 22.0x | (1.5x) | (2.1x) | |||
| $11M | ($5M) | 5.2x | - | (13.2x) | - | |||
| $39M | ($205M) | 1.3x | 1.3x | (0.2x) | (0.9x) | |||
This data is available for Pro users. Sign up to see all KONUX competitors and their valuation data. Start Free Trial | ||||||||
Common questions about KONUX
| When was KONUX founded? | KONUX was founded in 2014. |
| Where is KONUX headquartered? | KONUX is headquartered in Munich, Germany. |
| Is KONUX publicly listed? | No, KONUX is a private, VC-backed company. |
| What is KONUX's valuation? | KONUX was last valued at $79M in its Series B in April 2018. |
| How much funding has KONUX raised? | KONUX has raised $131M across 6 funding rounds. |
| What was KONUX's last funding round? | KONUX's last funding round was a $79M Series C in January 2021, led by Sanno Capital. |
| Who are KONUX's investors? | KONUX's investors include New Enterprise Associates, MIG Capital, Lothar Stein, Capmont Technology, UVC Partners, Upbeat Ventures, Michael Baum, Oliver Buecken, Green Bay Ventures, Andreas Kunze and 9 others. |
| Which companies are comparable to KONUX? | Companies comparable to KONUX include Unleash live, EROAD, Razor Labs, DAIM Research, Fintor and qbiq. |
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