Thursday, March 26, 2015

Romanian IoT startup,, receives 80,000 Euro from Hub:raum Krakow Team

Romanian startup, -  which provides cloud services for the Internet of Things communication, receives 80,000 € from Hub:raum Krakow, the Innovation Hub for the CEE region of Deutsche Telekom Group.The team will receive funding to develop their project, support from the Hub:raum Krakow, mentors, as well as market access to 150 million Deutsche Telekom Group customers all over Europe.

Romanian startup was selected the winner in the 3rd edition of WARP turbo accelerator in December 2014, ahead of other projects from different European countries.  As a result of further talks regarding potential investment, the team was invited to join the incubation program. The project will receive financing of 80.000€, co-working space, and the possibility to work closely with mentors who will support the team throughout the execution of the project. On top of everything, through the cooperation with Hub:raum will receive access to the Deutsche Telekom experts and know-how, as well as a base of 150 million customers of the Group in Europe with the possibilities of cooperation including marketing campaigns or bundling with telecoms’ offers. is a cloud service for Internet of Things communication, that allows users (both makers and companies) to easily create services based on IoT, by connecting their Internet-enabled hardware projects to analysis and remote control systems. Practically, it is an IoT web platform which gathers data, summarises it and gives the possibility to remotely control connected devices. can be integrated with any kind of hardware and is specially designed for smart metering, fleet management, medical industry, home automation, IoT makers, automotive, wearables etc.

After is the second Romanian start-up which receives financing from Hub:raum Krakow.

“With the growing importance of the Internet of Things global trend we are really glad to welcome on board. It’s a very promising project and I am impressed with the work the team has done so far. I believe that their passion and skills combined with our experience and assets at Deutsche Telekom Group will soon turn it into a commercial success” – says Jakub Probola, head of hub:raum Krakow. 

“We are very pleased to announce that we have successfully signed the investment agreement with hub:raum, the incubator of Deutsche Telekom. We are grateful we had the opportunity to participate in WARP in December 2014. Our partnership with Deutsche Telekom represents a major strategic and development opportunity for the entire maker community and it is a solid foundation for our roadmap to becoming the go-to platform for the Internet of Things.” – says Ionut Cotoi, CEO at

The announced investment is the next step taken by hub:raum Krakow to support innovative IoT projects. Recently, during Mobile World Congress the innovation hub announced a joint Internet of Things (IoT) accelerator “Challenge Up!” by Cisco, Deutsche Telekom and Intel that offers its program to early-stage startups from Europe, Middle East and Africa. Startups interested in joining the accelerator can apply here, until May 25th.

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This post originally appeared on 's blog.

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