# Cuculus

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

- Industry: Software
- Headquarters: Ilmenau, Germany
- Website: www.cuculus.net
- Total disclosed funding: $0.7M
- Latest round: Seed (Jun 22, 2007)
- Investors on record: 1

## About

Cuculus GmbH is a technology company specializing in innovative software solutions for the utility sector, enabling efficient management of metering devices and optimizing resource distribution.Founded in 2007 in Ilmenau, Germany, Cuculus GmbH focuses on advanced software solutions for utility companies. The company has raised EUR 7.5 mn in its most recent funding round in October 2022, led by Demeter IM with additional participation from several investors. CEO René Böringer has guided the company through its evolution, including expanding its product offerings and market reach. Cuculus has completed a total of 4 funding deals, resulting in a current company valuation of EUR 106.587 mn.Cuculus GmbH specializes in providing innovative software solutions designed to address critical challenges in the utility sector. Their flagship offering, the ZONOS IoT Software Platform, enables the management of large-scale metering devices across various connectivity types, processing billions of data sets daily. This platform supports utility companies by facilitating smart meter connections, optimizing grid balance, and enhancing operational efficiencies. Cuculus targets utility providers and organizations across various regions, including Europe, Asia, and North America, serving a diverse clientele that spans municipal utilities, private energy companies, and water service providers. The company's commitment to sustainability is reflected in its mission to deliver affordable energy and water solutions while protecting vital resources.In 2022, Cuculus GmbH reported a revenue of EUR 7,380,333.80, primarily generated through B2B transactions. Their subscription-based services and tailored software solutions enable long-term partnerships with utility providers, ensuring stable revenue streams as the industry shifts towards digital solutions. Contracts typically span multiple years and include provision for comprehensive support and solution development, catering to the evolving needs of the utility sector.Cuculus GmbH aims to utilize the EUR 7.5 mn raised in October 2022 to accelerate its international growth and broaden its solution portfolio. The company plans to launch new products within its ZONOS IoT Software Platform that enhance utility management capabilities while expanding into markets across Europe, Asia, and North America. These initiatives are designed to support utilities in adapting to increasing digital demands, further solidifying Cuculus's position within the utility sector.

## Funding rounds

- Seed, Jun 22, 2007, $0.7M — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed