# HiveMQ

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

- Industry: Software
- Headquarters: Bavaria, Germany
- Website: www.hivemq.com
- Total disclosed funding: $53M
- Latest round: Series A (Apr 27, 2022)
- Investors on record: 6

## About

HiveMQ GmbH provides a powerful IoT data streaming platform utilizing the MQTT protocol for effective data exchange among IoT devices and enterprise systems, enabling connectivity and real-time insights for various industries.Founded in 2012 in Bavaria, Germany, HiveMQ GmbH focuses on IoT messaging solutions. The company was established by Christian Meinerding, Christoph Schäbel, and Dominik Obermaier. In April 2022, HiveMQ raised EUR 40 million in Series A funding, led by Molten Ventures, with participation from prominent investors. The company has completed two funding deals to date. The latest funding round raised EUR 40 million, matching the total amount raised so far, with a current valuation of EUR 244.685 mn.HiveMQ specializes in an IoT data streaming platform built on the MQTT protocol, providing services such as the HiveMQ Broker for bi-directional messaging, HiveMQ Cloud for managed IoT applications, HiveMQ Data Hub for stream governance, HiveMQ Edge for legacy protocol bridging, and HiveMQ Pulse for data intelligence. The company caters to diverse sectors including manufacturing, energy, automotive, and transportation, promoting operational efficiency and real-time insights through its globally marketed products.HiveMQ generates revenue through subscription-based models for its software solutions, offering both self-managed and fully-managed platforms. Clients can choose from cloud-based or self-hosted solutions through licensing agreements. The pricing structure accommodates enterprise-grade requirements, fostering long-term partnerships with industry leaders, particularly in the automotive and energy sectors, that enhance revenue stability through customized solutions and support services.Following the EUR 40 million Series A funding raised in April 2022, HiveMQ plans to utilize this investment to accelerate the development and adoption of its messaging platform. The company is also focused on expanding into new markets, particularly in North America and Asia, with specific growth initiatives expected to unfold in the upcoming years.

## Funding rounds

- Series A, Apr 27, 2022, $42M — Molten Ventures, Earlybird, Senovo, Mubadala Capital, Illusian Group, New Forge
- Seed, Apr 27, 2021, $11M — Earlybird, Senovo, New Forge

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed, Series A
- Senovo (https://capitalatlas.ai/funds/senovo) — Seed, Series A
- New Forge (https://capitalatlas.ai/funds/new-forge) — Seed, Series A
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series A
- Illusian Group — Series A