Connax
Latest round
- Seed
Last raised
- May 2017
Total raised
- $0.1M
Investors
- 1
About Connax
Connax is a software company based in Helsinki, Finland, specializing in IoT device management solutions. The company has been focused on providing automation solutions for IoT devices' configuration and connectivity.Connax specializes in providing innovative software solutions aimed at enhancing the functionality and security of Internet of Things (IoT) devices. Their core product offering includes a software platform that facilitates the automatic configuration of IoT devices, integrating all necessary credentials for seamless connectivity to various cloud platforms. This solution significantly reduces manufacturing and operational costs for IoT device manufacturers, promoting efficiency and ease of management. The end use cases addressed by Connax primarily revolve around the demand for secure and efficient communication between connected devices and cloud infrastructures.80. The company’s revenue model is structured around software licensing and service agreements, providing clients with the tools necessary for managing their IoT devices effectively. Clients typically engage with Connax through subscription-based services that allow access to the software platform, ensuring ongoing support and updates. The transactions often involve B2B partnerships with manufacturers that integrate Connax's software into their devices prior to market release.Connax aims to expand its product offerings, focusing on upcoming software enhancements designed to improve device management capabilities. Additionally, there are plans to enter new markets, particularly in the Asia-Pacific region, by the end of 2024.05 million will be utilized to support these product developments and market expansion initiatives.
Who invested in Connax
1 investor across 1 round
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Funding rounds
Seed
May 16, 2017
Amount
$0.1M
Investors
Questions about Connax
Who invested in Connax?
Connax has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Connax raised?
Connax has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Connax last raise money?
Connax's most recent round on record is a Seed, in May 2017.
What does Connax do?
Connax is a software company based in Helsinki, Finland, specializing in IoT device management solutions.
Where is Connax headquartered?
Connax is headquartered in Helsinki, Finland.
Which VCs invest in companies like Connax?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Connax's stage. Their profiles are linked below.
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