# KONUX

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

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.konux.com
- Total disclosed funding: $140M
- Latest round: Series C (Jan 14, 2021)
- Investors on record: 12

## About

KONUX GmbH offers advanced AI-driven solutions for railway infrastructure management, focusing on predictive maintenance and operational efficiency improvements through innovative technology.KONUX GmbH, founded in 2014 in Munich, Germany, specializes in AI solutions for railway infrastructure. The company was co-founded by Andreas Kunze, Dennis Humhal, and Vlad Lata. The company raised GBP 66.3 mn in Series C funding on January 14, 2021, led by Sanno Capital with additional participation from Athos Service and others.  The total amount raised by the company is GBP 66.3 mn.KONUX specializes in advanced AI-driven solutions tailored for railway infrastructure management, focusing on predictive maintenance, network usage monitoring, and traffic planning. Their flagship product, KONUX Switch, integrates machine learning and Industrial Internet of Things (IIoT) technologies to facilitate the delay-free operation of rail switches while optimizing maintenance costs. KONUX continuously monitors the health of signaling and track components, providing actionable insights to help infrastructure managers anticipate failures and streamline maintenance planning. They also provide timetable optimization and delay mitigation solutions for routing directors, dispatchers, and planners, catering to clients across Europe and North America.In 2022, KONUX reported a revenue of GBP 1,278,973.30, with an EBITDA of GBP -19,546,330.70. They operate on a B2B transaction model, engaging with railway infrastructure companies and maintenance organizations through subscriptions and service agreements.KONUX plans to utilize the recent GBP 66.3 mn Series C funding to enhance its product offerings and expand into new markets. Specifically, they are working on the development of new products aimed at improving operational efficiencies and are targeting expansion into additional European and North American regions by the end of 2023. This funding is expected to support these initiatives and drive further growth.

## Funding rounds

- Series C, Jan 14, 2021, $90M — New Enterprise Associates, Capmont, Athos Service, Sanno Capital
- Series B, Apr 8, 2019 — Boundary Holding
- Series B, Feb 12, 2019, $13M — New Enterprise Associates, MIG Capital, Alibaba Group, Upbeat Ventures
- Series B, Apr 19, 2018, $20M — New Enterprise Associates, MIG Capital, Unternehmertum Venture Capital, Founder.org, TechFounders, Green Bay Ventures, Upbeat Ventures
- Series A, Apr 6, 2017, $9M — New Enterprise Associates, MIG Capital, Unternehmertum Venture Capital, Upbeat Ventures
- Series A, Apr 14, 2016, $7.5M — New Enterprise Associates, MIG Capital, Unternehmertum Venture Capital, Founder.org

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- MIG Capital (https://capitalatlas.ai/funds/mig-capital) — Series A, Series B
- Unternehmertum Venture Capital (https://capitalatlas.ai/funds/unternehmertum-venture-capital) — Series A, Series B
- Founder.org — Series A, Series B
- Upbeat Ventures — Series A, Series B
- TechFounders — Series B
- Green Bay Ventures (https://capitalatlas.ai/funds/green-bay-ventures) — Series B
- Alibaba Group — Series B
- Boundary Holding (https://capitalatlas.ai/funds/boundary-holding) — Series B
- Capmont (https://capitalatlas.ai/funds/capmont) — Series C
- Athos Service — Series C
- Sanno Capital (https://capitalatlas.ai/funds/sanno-capital) — Series C