# Cedalo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cedalo

- Industry: Software
- Headquarters: Germany
- Website: www.cedalo.com
- Total disclosed funding: $3.4M
- Latest round: Seed (Dec 20, 2021)
- Investors on record: 2

## About

Based in Freiburg, Germany, and founded in 2017 by CEO Philipp Struss, and Kristian Raue, Cedalo Gmbh is a developer of a no-code software for building real-time stream processing applications, allowing users to create and monitor data streams and microservices for IoT (internet of things). In February 2022, Cedalo Gmbh raised EUR 3 million in seed funding from new investors Capnamic Ventures and LBBW Venture Capital. As of February 2022, the company employs 12 employees in Bonn and Freiburg.

Cedalo provides mosquitto, an MQTT broker that belongs into the MOM (messaging-oriented middleware) software category that supports receiving and sending of messages between distributed systems. The company also offers Streamsheets, a no-code application builder that allows developers to build professional applications to control processes, monitor operations, and automate workflows in real-time. In addition, the firm’s products offer multiple features, including visualization, simulation, analysis, and control of IoT devices through MQTT, real-time data processing and analysis to build individual applications, and control data streams in the stream processing and IoT sector.

Cedalo generates revenue through subscription of its product packages, which include M plan, L plan, XL plan and enterprise for hosted mosquitto, and mosquitto on-premises; and professional, business, and enterprise for hosted streamsheets, and streamsheets on-premises.

The company plans to use its proceeds from February 2022 funding to increase its team to 40 as well as expand its product portfolio, marketing, sales.

## Funding rounds

- Seed, Dec 20, 2021, $3.4M — LBBW Venture Capital, Capnamic

## Investors

- LBBW Venture Capital (https://capitalatlas.ai/funds/lbbw-venture-capital) — Seed
- Capnamic (https://capitalatlas.ai/funds/capnamic) — Seed