KINEXON Raises $130M in Funding Round Led by Thomas H. Lee Partners
Funding enables KINEXON to accelerate international expansion and scale its operating system for connected and automated operations. BMW i Ventures and Telekom Innovation Pool co-invest and announce commercial partnerships.
KINEXON, a leader in connected and automated processes, today announced a successful $130 Million Series A fundraise. Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in growth companies, led the round with co-investments from BMW i Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic investment fund. KINEXON will leverage the investment to accelerate the development of its automation technology and to continue its expansion in North America and Europe.
Headquartered in Munich, Germany, KINEXON provides cloud software that captures, optimizes and automates processes in manufacturing, logistics, and sports. Operating under two core segments, KINEXON Industries and KINEXON Sports & Media, the company’s full Internet of Things (“IoT”) stack product portfolio combines software with any sensors and connected devices, creating an end-to-end solution for automation. KINEXON Industries’ technology enables companies like BMW, Continental, Siemens, and Airbus to improve productivity as well as sustainability and reduce costs in manufacturing and logistics. In sports, KINEXON’s automated real-time content generation enables the analysis of athletic performance as well as the enrichment of sports broadcasts with novel data, for example for augmented reality applications. Through its work with FIFA and 80% of the NBA teams in the field of live player and ball tracking, KINEXON enables real-time insights into conditioning, performance, and game strategy.
“Our vision is of a world in perfect flow. Wherever assets, people or operations are in motion, we can improve and automate the underlying processes. The investment round will provide us with growth capital to scale and further expand our leading operating system for process automation. We also plan to expand geographically to meet the growing needs of our customers across the world.”
“KINEXON has defined a new category within IoT and orchestration software. Its cloud platform can gather localization data in real time and translate it simultaneously into powerful actions for customers. We are excited to support co-founders Oliver Trinchera and Alexander Hüttenbrink in scaling KINEXON and believe they have the vision and track record to define the future of automation technology in industry and sports.”
THL invested in KINEXON through both its flagship Fund IX and its Automation Fund, the private equity industry’s first fund dedicated to automation-related businesses. Mr. Kaczmarek and Jim Carlisle, Managing Director and Head of THL’s Automation Fund, will join KINEXON’s Board of Directors alongside Michael Süß, Chairperson of the Oerlikon Board of Directors and former Member of the Siemens AG Managing Board, and Carl-Peter Forster, former member of the BMW Board of Management and former CEO of General Motors Europe and Tata Motors.
“Automotive production at the BMW Group is a lot like top-flight sport in that it’s about high-performance processes. The real-time locating platform IPS‑i forms the backbone for fully digitalizing our production. It’s an innovative operating system that makes our highly complex manufacturing processes transparent and raises efficiency in production even further. We are now intensifying our well-established, long-standing partnership with KINEXON by acquiring a stake in them. Together, we want to set new standards in digital production steering.”
“Deutsche Telekom’s strategic investment in KINEXON strengthens the IoT partnership between our two companies, through which we offer manufacturing customers real-time location-based automation solutions. Deutsche Telekom’s 5G capabilities also pave the way for co-development opportunities between our two companies. We are excited to continue partnering with such an innovative company.”
Premiere in Liga Portugal: SELECT Receives FIFA QUALITY PRO LABEL for Ball With Integrated KINEXON Sensor
The “Brillant Super iBall” (intelligent ball) from SELECT received the “FIFA Quality Pro” certification. The ball will make its debut in the playoff series of the first Portuguese Football League — Liga Portugal Bwin — and generate live data for the live broadcast on TV.
New VP Clubs & Federations EMEA: Per Hansen drives expansion of KINEXON internationally
It is the third big news from the management team of KINEXON Sports & Media GmbH at the start of the year: Per Hansen becomes Vice President Clubs & Federations EMEA.
Marco Dröge Promoted to Executive Vice President Commercial EMEA
As part of KINEXON Sports & Media’s rapid expansion, Marco Dröge will be responsible for sales activities in the EMEA region as Executive Vice President Commercial EMEA from January 1, 2022.
Reimut Hellmerichs joins KINEXON as Vice President Business Development
New year, new employer: At the start of the year, former Catapult manager, Reimut Hellmerichs, starts as Vice President Business Development EMEA at KINEXON, one of the leading providers of performance tracking and analysis in sports.
KINEXON expands its footprint in the Swiss National League by providing tracking and analysis to HC Ambrì-Piotta
With the Swiss professional ice hockey club HC Ambrì-Piotta, another club relies on intelligent live tracking & performance analysis technology from KINEXON. The team led by head coach Luca Cereda joins SC Rapperswil-Jona Lakers as one of the first in the National League to use small UWB KINEXON player sensors to analyze data on skating speed, time on ice, power, acceleration, miles traveled on ice and more in real time. It’s the same technology that is increasingly used in the US American NHL, NBA and NFL, as well as German professional leagues.
VfL Wolfsburg to become first club to equip women's and junior teams with same sports analytics setup as men's pros
Live player tracking is now also used in women’s and youth football. German Bundesliga football club VfL Wolfsburg is investing in the latest real-time tracking technology from KINEXON. Beginning in the 2021/2022 season, all teams from women’s and men’s professional to the U14 junior team are equipped with the latest GNSS-based KINEXON PERFORM live tracking and analysis solution.
KINEXON Launches the World's Most Cost-Efficient UWB Sensor For Unprecedented IoT Use Cases
KINEXON makes industrial connectivity and ultra-precise indoor-localization available for the mass market at a price point comparable to RFID and BLE solutions: With the X‑Tag, the company now offers the world’s most cost-efficient UWB-sensor for the industrial Internet of Things.
KINEXON Integrates with ServiceNow to Help Facilitate a Safe and Efficient Reopening
Leading workflow and contact tracing solutions integrate to provide a safe pathway to return to work amidst the COVID-19 pandemic
EBI partners with KINEXON for leading Distance Monitoring & Contact Tracing Solution
Implementation of KINEXON SafeZone as Workplace Health & Safety solution with EBI helps employees maintain proper physical distancing and companies quickly track potential COVID-19 exposure
Telekom and KINEXON with new technology to combat COVID-19
T‑Systems and its partner Kinexon have developed a warning technology for companies. This enables companies to detect infection chains at an early stage. The new offering is called “Enterprise Protection System (EPS)”.