# Licobo

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

- Industry: Software
- Headquarters: Mannheim, Germany
- Website: www.cloudrail.com
- Total disclosed funding: $1.3M
- Latest round: Seed (May 5, 2017)
- Investors on record: 2

## About

Licobo GmbH provides advanced industrial cloud connectivity solutions for the Industrial Internet of Things (IIoT), enabling efficient data acquisition from industrial equipment while significantly reducing integration time.Licobo GmbH, founded in 2013 and headquartered in Mannheim, Germany, specializes in IIoT solutions. The company has completed 3 deals, with its most recent funding round, Seed, securing EUR 0.540 mn from investors including Beteiligungsfonds Wirtschaftsförderung Mannheim GmbH and Leonardo Venture. The total amount raised to date is EUR 0.540 mn, with a current company valuation of EUR 4.812 mn. Felix Kollmar, the founder, has a background in technology solutions and entrepreneurship.CloudRail, a brand under Licobo GmbH, focuses on advanced industrial cloud connectivity solutions designed for the Industrial Internet of Things (IIoT). Its primary product streamlines data acquisition and preprocessing from both modern and legacy industrial systems using standards like OPC-UA. This solution allows companies to connect machines to the cloud in hours instead of weeks, leveraging automatic data normalization for over 12,000 sensors. CloudRail serves a diverse clientele across various industries, including manufacturing and logistics, enhancing operational efficiency and minimizing costs related to device onboarding and management.Licobo GmbH generates revenue through a subscription-based model for its cloud connectivity solutions, which include secure management services for edge devices. Clients engage in direct transactions that may involve customized integration plans. Revenue is derived from service agreements encompassing access to the CloudRail platform and ongoing support, with the potential for additional fees for advanced features. This structured approach provides a continuous revenue stream while delivering scalable and efficient connectivity solutions to clients.In September 2023, Licobo GmbH was acquired by Belden Inc., a move aimed at strengthening Belden's IIoT presence. This acquisition will enable Licobo to leverage Belden's resources for future growth, including the development of new products and expansion into new markets. Specific future products and the timeline for their launch were not disclosed, but the integration with Belden may enhance Licobo's capabilities and market reach.

## Funding rounds

- Seed, May 5, 2017, $0.6M — Leonardo Venture, Beteiligungsfonds Wirtschaftsförderung Mannheim GmbH
- Seed, Dec 1, 2014, $0.7M — Leonardo Venture, Beteiligungsfonds Wirtschaftsförderung Mannheim GmbH

## Investors

- Leonardo Venture (https://capitalatlas.ai/funds/leonardo-venture) — Seed
- Beteiligungsfonds Wirtschaftsförderung Mannheim GmbH — Seed