# smartB

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

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.smartb.eu
- Total disclosed funding: $5.5M
- Latest round: Series A (Jan 7, 2014)
- Investors on record: 2

## About

smartB specializes in providing a Plug and Play Industrial Internet of Things (IIoT) platform, aimed at enhancing operational efficiency for small and mid-sized companies through seamless device connectivity and smart services.smartB, founded in 2014, is based in Berlin, Germany, and operates within the Industrial Internet of Things sector. The company was established by Eric Thomas, Frédéric Combe, Tom Hawk, and Zokama Sakanga. It successfully raised EUR 4 million in Series A financing from Bilfinger Venture Capital and KfW Banking Group on January 7, 2014, which contributed to its total funding of EUR 4 million and a current valuation of EUR 7.843 million.smartB's offerings include the Proficloud.io platform, which enables seamless connectivity of devices to a cloud infrastructure. The platform features key services such as Device Management Service, User Management Service, Time Series Data Service, and EMMA Service, specifically designed to enhance data analysis and operational control for small and mid-sized enterprises in Europe and North America, focusing on automation and energy management.In the most recent financial year, smartB reported a revenue of EUR 2,691,409,813.50 and an EBITDA of EUR 339,929,477.70 for 2020.smartB aims to leverage its recent funding of EUR 4 million from January 2014 to enhance its product offerings and expand into new geographic markets. Future initiatives include the development of upcoming products designed to meet the evolving needs of clients, with a focus on launching these solutions within the next few years. The company plans to further penetrate markets beyond Europe and North America, although specific regions and timeframes have not been disclosed.

## Funding rounds

- Series A, Jan 7, 2014, $5.5M — KfW Banking Group, Bilfinger Venture Capital

## Investors

- KfW Banking Group — Series A
- Bilfinger Venture Capital (https://capitalatlas.ai/funds/bilfinger-venture-capital) — Series A