Deutsche Telekom has invested in a start-up that has built a orchestration platform for IoT applications.
The Germany-based operator invested an undisclosed amount in Israel-based Axonize as part of a $6 million funding round, alongside venture capital firms Meron Capital, StageOne Ventures and Cornerstone Venture Partners.
Axonize offers a pre-built application for IoT devices which can be customised to specific enterprise requirements.
The start-up will use the money to enhance its platform and increase hiring for its sales team.
As well as using Axonize’s service itself, the operator plans to collaborate with the start-up to combine its application with its own IoT offerings.
Anette Bronder, Head of Digital and Security Department of Deutsche Telekom, said: “Axonize has developed a unique IoT orchestration platform which addresses our and our customers’ IoT requirements.”
Janiv Ratson, CEO of Axonize, said: “The backing of Deutsche Telekom for our IoT orchestration platform is a strong validation for our unique service provider capabilities. Their IoT business is both visionary and extremely practical and will have a transformative impact on digitisation of their enterprise customers.”
Deutsche Telekom recently announced it was backing start-ups focused on SDN and smart antenna systems as part of its participation in the Facebook-led TIP project.
Read more: Deutsche Telekom unveils €10 NB-IoT offer for businesses
Telia Company has hailed a strong balance sheet and "a lot to look forward to in 2018" as it posted EBITDA growth in its first quarter. 
Ericsson has made its first attempt to put a horrific 2017 behind it by improving upon its losses thanks to improving margins and a costs blitz in its first quarter. 
A1 Telekom Austria Group has chosen a Deutsche Telekom and Nokia veteran as its new CEO as part of a wider restructure which will also see its Chairman depart. 
Sky has shrugged off a "challenging" consumer climate to post increases in sales and profits. 
Orange Business Services (OBS) has teamed up with Siemens to launch a new set of IoT tools for industrial companies. 
@eurocomms