SANTA CLARA, CA, Roambee, a real-time asset monitoring service for enterprises, raised $3.1 million in Series B funding.
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Silicon Valley company Roambee joins forces with T-Systems to lead the global smart logistics and asset monitoring market
With a vision to digitize global enterprises, T-Systems is on an Internet of Things (IoT) growth path: Deutsche Telekom's corporate customer arm, T-Systems, and Silicon Valley-based IoT company, Roambee, today announced a global IoT partnership to offer a real-time visibility solution for goods and assets in the Americas, Africa, Asia, and Europe. Together, employing an 'on-demand' pay-per-use business model, the two companies are delivering an end-to-end solution featuring real time visibility, tracking, and condition monitoring of shipments and assets in-transit and in-field. Roambee will provide pre-built Software-as-a-Service (SaaS) applications that include wireless portable sensor devices and cloud-based software, robust reporting, and predictive analytics. The solution will be provided on T-Systems' highly scalable platform, and offers access to a global infrastructure of highly-secured data centers and cloud solutions from a wide partner ecosystem.
Furthermore, Deutsche Telekom Strategic Investments, recently led the Series B round by investing $3.1M in Roambee, recognizing that any transformation to Industry 4.0 is incomplete without a scalable IoT solution, a secure cloud infrastructure, and a global deployment team.
'Roambee's fast-to-deploy-and-to-scale solution adds a strong value to our IoT partner ecosystem globally. Combined with T-Systems' infrastructure and system integration expertise, we will now jointly enable and transform industries worldwide with IoT applications,' said Anette Bronder, Director of T-Systems' Digital Division.
Paul Warrenfelt, T-Systems' SVP Sales and Service Management Region Americas and APAC, and Managing Director North America, also noted, 'I am so excited about the amazing collection of products, services, and technologies we are jointly bringing to market that will help enterprises improve efficiency to achieve operational excellence.'
'With over 100 customers around the world, Roambee is experiencing significant momentum and business growth in the IoT market. Now with
T- Systems as our strategic partner, we will be able to both scale our current customers worldwide, and win new customers jointly. We no longer have to worry about building our own global service infrastructure, which is needed to maintain the quality and rich experience of our services to our customers,' said Roambee CEO and founder, Sanjay Sharma.
Roambee's solution includes compact, rugged wireless portable sensor devices called 'Bees' and a cloud-based software platform. The Bees and software collect high volumes of data from enterprise resource planning (ERP) systems, sensor data, and external data streams to deliver machine learning-based predictive analytics to improve operational efficiencies, enhance customer engagement, mitigate risk, and provide measurable ROI. Benefitting a wide range of industries, the solution, as one example, allows for real-time monitoring of the temperature and location status of highly-sensitive pharmaceutical goods through the entire shipment with the use of actionable data and real-time alerts, and as such, enables counter-actions if deviations are reported.
Improving smart in-field asset monitoring requires the highest level of confidence in asset usage monitoring, reporting, and regulatory compliance. Roambee's core technology delivers all this, making it simple for businesses to increase efficiencies, improve risk management, and transform data into measurable value. Furthermore, T-Systems will operate the service from its high-tech data center in Germany, in accordance with the strictest data privacy regulations. Customers receive defined real-time event alerts and reporting, historical reporting, and actionable data analytics adhering to the highest data security standards.
About Deutsche Telekom
Deutsche Telekom is one of the world's leading integrated telecommunications companies with more than 156 million mobile customers, 29 million fixed-network lines and around 18 million broadband lines (as of December 31, 2015,). The Group provides fixed-network/broadband, mobile communications, Internet, and Internet-based TV products and services for consumers, and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in more than 50 countries and has around 225,200 employees worldwide. The Group generated revenues of EUR 69.2 billion in the 2015 financial year - around 64 percent of it outside Germany.
As one of the leading global ICT service providers, T-Systems supplies integrated solutions for business customers. These are based on global offerings in fixed-network and mobile communications, highly secure data centers, a unique cloud infrastructure built around standardized platforms and global partnerships, and top security in line with the strictest German data protection regulations, as demanded by our customers. With a footprint in more than 20 countries, 46,000 employees, and external revenue of 7.1 billion euros (2015),
T-Systems is the ideal partner for digital transformation. Alongside traditional ICT services, T-Systems' portfolio also offers cloud access, custom infrastructure, and platforms and software from the cloud, alongside innovation projects in future business areas such as big data, the Internet of Things, machine-to-machine (M2M) communication, and Industry 4.0.
About Roambee Corporation
The Roambee Corporation (www.roambee.com) is a Silicon Valley company transforming enterprise logistics and asset management outside the four walls of global enterprise. Founded in 2013, Roambee is the first Internet of Things smart logistics and asset management company that delivers on-demand real-time visibility, tracking, and condition monitoring for goods and assets in-transit and in-field.