{"id":16234,"date":"2024-07-03T17:26:05","date_gmt":"2024-07-03T15:26:05","guid":{"rendered":"https:\/\/www.bm-t.de\/2023-en\/tgfs-and-bmt-invest-seven-figure-sum-in-peeriot-gmbh-to-simplify-iot-networking\/"},"modified":"2024-07-03T17:32:51","modified_gmt":"2024-07-03T15:32:51","slug":"tgfs-and-bmt-invest-seven-figure-sum-in-peeriot-gmbh-to-simplify-iot-networking","status":"publish","type":"post","link":"https:\/\/www.bm-t.de\/en\/2024-en\/tgfs-and-bmt-invest-seven-figure-sum-in-peeriot-gmbh-to-simplify-iot-networking\/","title":{"rendered":"TGFS and bm|t invest seven-figure sum in Peeriot GmbH to simplify IoT networking"},"content":{"rendered":"

TGFS Tech\u00adnolo\u00adgiegr\u00fcn\u00adder\u00adfonds Sach\u00adsen and bm|t beteili\u00adgungs\u00adman\u00adage\u00adment th\u00fcrin\u00adgen (bm|t) are invest\u00ading a seven-fig\u00adure sum in Pee\u00adriot GmbH in a seed financ\u00ading round. The aim is to fun\u00adda\u00admen\u00adtally sim\u00adplify IoT net\u00adwork\u00ading and enable inno\u00adv\u00ada\u00adtive appli\u00adca\u00adtions for intel\u00adli\u00adgent IoT devices that work together in a swarm.<\/em><\/p>\n

TGFS Tech\u00adnolo\u00adgiegr\u00fcn\u00adder\u00adfonds Sach\u00adsen and bm|t have invested a seven-fig\u00adure sum in the Saxon-Thuringian deep-tech soft\u00adware start-up Pee\u00adriot GmbH as part of seed financ\u00ading. The invest\u00adment is addi\u00adtion\u00adally sup\u00adported by exist\u00ading investors Thomas Schmidt\/be-expo\u00adnen\u00adtial GmbH and Dr. Markus Eisel and is intended to drive the devel\u00adop\u00adment of inno\u00adv\u00ada\u00adtive solu\u00adtions in the field of IoT networking.<\/p>\n

Pee\u00adriot has set itself the task of sim\u00adpli\u00adfy\u00ading the net\u00adwork\u00ading of IoT devices and thus sig\u00adnif\u00adi\u00adcantly reduc\u00ading com\u00adplex\u00adity and costs. Suc\u00adcess in the IoT sec\u00adtor depends heav\u00adily on the abil\u00adity to estab\u00adlish effec\u00adtive net\u00adworks. This is where Pee\u00adriot comes in: Up to now, net\u00adwork\u00ading has required a high degree of man\u00adual work. Pee\u00adriot is devel\u00adop\u00ading mid\u00addle\u00adware that enables IoT devices to exchange their data in a self-orga\u00adnized man\u00adner. This cre\u00adates intel\u00adli\u00adgent swarms of devices that work col\u00adlab\u00ado\u00adra\u00adtively and can effi\u00adciently solve com\u00adplex tasks together.<\/p>\n

\u201cOur vision is to democ\u00adra\u00adtize IoT through decen\u00adtral\u00adiza\u00adtion and self-orga\u00adni\u00adza\u00adtion,\u201d explains Pee\u00adriot founder Roy Kaiser. \u201cWith our mid\u00addle\u00adware, we are offer\u00ading a new cat\u00ade\u00adgory of infra\u00adstruc\u00adture soft\u00adware for B2B cus\u00adtomers in the IoT sec\u00adtor that enables self-orga\u00adnized IoT.\u201d<\/p>\n

Pee\u00adri\u00adot\u2019s ver\u00adsa\u00adtile soft\u00adware can be used for all types of IoT devices and will be sold via a sub\u00adscrip\u00adtion model in which cus\u00adtomers pay per device used per year. Their poten\u00adtial appli\u00adca\u00adtions are wide-rang\u00ading and include Indus\u00adtrial IoT, Smart City and Smart Infra\u00adstruc\u00adture. This enables com\u00adpa\u00adnies and munic\u00adi\u00adpal\u00adi\u00adties to design their IoT solu\u00adtions more effi\u00adciently and imple\u00adment inno\u00adv\u00ada\u00adtive appli\u00adca\u00adtions in var\u00adi\u00adous areas.<\/p>\n

With the new fund\u00ading, Pee\u00adriot plans to sig\u00adnif\u00adi\u00adcantly expand its team of soft\u00adware devel\u00adop\u00aders, drive for\u00adward soft\u00adware devel\u00adop\u00adment and suc\u00adcess\u00adfully imple\u00adment ini\u00adtial pilot projects. \u201cWe are delighted with the trust and sup\u00adport we have received from TGFS, bm|t and our exist\u00ading investors,\u201d says Kaiser. \u201cWith this cap\u00adi\u00adtal, we are ide\u00adally equipped to turn our vision into real\u00adity and change the IoT world for good.\u201d \u201cWith its con\u00adsis\u00adtent focus on the devel\u00adop\u00adment of decen\u00adtral\u00adized IoT net\u00adworks and self-orga\u00adniz\u00ading tech\u00adnolo\u00adgies, Pee\u00adriot has the poten\u00adtial to sig\u00adnif\u00adi\u00adcantly influ\u00adence the global IoT mar\u00adket,\u201d says TGFS Man\u00adag\u00ading Direc\u00adtor S\u00f6ren Schus\u00adter about the cur\u00adrent trans\u00adac\u00adtion. \u201cThe progress already made demon\u00adstrates the inno\u00adv\u00ada\u00adtive strength and scal\u00ada\u00adbil\u00adity of the solu\u00adtion. We look for\u00adward to sup\u00adport\u00ading the highly qual\u00adi\u00adfied Pee\u00adriot team in the suc\u00adcess\u00adful imple\u00admen\u00adta\u00adtion of this vision.\u201d<\/p>\n

About the TGFS<\/h4>\n

TGFS Tech\u00adnolo\u00adgiegr\u00fcn\u00adder\u00adfonds Sach\u00adsen pro\u00advides equity cap\u00adi\u00adtal to tech\u00adnol\u00adogy-ori\u00adented founders for the seed and start-up phase. The fund was first launched in 2008 by the Free State of Sax\u00adony (includ\u00ading ERDF fund\u00ading) and Saxon finan\u00adcial insti\u00adtu\u00adtions and has since sup\u00adported over 100 start-ups. In 2023, the TGFS started its third fund gen\u00ader\u00ada\u00adtion. The TGFS focuses on young, inno\u00adv\u00ada\u00adtive, tech\u00adnol\u00adogy-ori\u00adented com\u00adpa\u00adnies that belong to the ITC, semi\u00adcon\u00adduc\u00adtor and microsys\u00adtems tech\u00adnol\u00adogy, med\u00adical tech\u00adnol\u00adogy, life sci\u00adence, envi\u00adron\u00admen\u00adtal and energy tech\u00adnol\u00adogy and new media sec\u00adtors and have their head\u00adquar\u00adters or busi\u00adness premises in Saxony.
\nS\u00f6ren Schus\u00adter (Man\u00adag\u00ading Direc\u00adtor TGFS) | +49 172 2001097 | soeren.schuster@tgfs.de | www.tgfs.de<\/a><\/p>\n

About the bm|t<\/h4>\n

Based in Erfurt, bm|t is a sub\u00adsidiary of Th\u00fcringer Auf\u00adbaubank and the lead\u00ading address for ven\u00adture cap\u00adi\u00adtal and risk cap\u00adi\u00adtal financ\u00ading in Thuringia. bm|t cur\u00adrently man\u00adages twelve funds with a total vol\u00adume of around EUR 445 mil\u00adlion, which invest in inno\u00adv\u00ada\u00adtive com\u00adpa\u00adnies in almost all sec\u00adtors and in all phases of cor\u00adpo\u00adrate devel\u00adop\u00adment \u2014 both in the start-up and growth phases \u2014 or in com\u00adpany suc\u00adces\u00adsion situations.
\nStephan Beier (Senior Invest\u00adment Man\u00adager) stephan.beier@bm\u2011t.de | www.bm\u2011t.de<\/a><\/p>\n

About be-exponential<\/h4>\n

be-expo\u00adnen\u00adtial GmbH invests in promis\u00ading start-ups with a focus on B2B, Smart Mobil\u00adity Solu\u00adtions, EV & Green-Energy, Soft\u00adware-as-a-Ser\u00advice (SaaS) and other high-tech products\/solutions. The focus is on the founders them\u00adselves and the poten\u00adtial of the under\u00adly\u00ading busi\u00adness model for scal\u00adable expo\u00adnen\u00adtial growth, sus\u00adtain\u00adabil\u00adity and an expand\u00adable inter\u00adna\u00adtion\u00adal\u00adity of the start-up. The invest\u00adment com\u00adpany be-expo\u00adnen\u00adtial was founded by Thomas Schmidt at the begin\u00adning of 2021 to actively accom\u00adpany and sup\u00adport the grow\u00ading and high-per\u00adform\u00ading start-up land\u00adscape in Ger\u00admany and Europe.
\nThomas Schmidt (Man\u00adag\u00ading Direc\u00adtor) mail@be-exponential.com | www.be-exponential.com<\/a><\/p>\n

About Peeriot<\/h4>\n

Pee\u00adriot GmbH was founded in 2022 and devel\u00adops inno\u00adv\u00ada\u00adtive solu\u00adtions for net\u00adwork\u00ading IoT devices. Pee\u00adriot enables IoT devices to join together in a self-orga\u00adnized way and work col\u00adlab\u00ado\u00adra\u00adtively on tasks in a swarm. Pee\u00adriot is thus uti\u00adliz\u00ading the full poten\u00adtial of IoT and ush\u00ader\u00ading in a new era of intel\u00adli\u00adgent networking.
\nRoy Kaiser (Man\u00adag\u00ading Direc\u00adtor) roy.kaiser@peeriot.io | www.peeriot.io<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TGFS and bm|t have invested a seven-fig\u00adure sum in the Saxon-Thuringian deep-tech IoT soft\u00adware start-up Pee\u00adriot GmbH as part of seed financing.<\/p>\n","protected":false},"author":2,"featured_media":16232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[248],"tags":[176,177,210,159,202,168,171,170],"class_list":["post-16234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2024-en","tag-bm-t-en","tag-bmt-en","tag-investeepartner","tag-investment-en","tag-press","tag-startup-fonds-en","tag-thuringia","tag-tsf-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/16234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/comments?post=16234"}],"version-history":[{"count":0,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/16234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media\/16232"}],"wp:attachment":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media?parent=16234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/categories?post=16234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/tags?post=16234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}