KONUX
Financials
Estimates*
USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | - | - | 8.6m | 16.1m | 16.3m | 35.8m | 40.8m |
% growth | - | - | - | 87 % | 1 % | 120 % | 14 % |
Profit | (5.4m) | (10.9m) | (14.4m) | (15.0m) | (16.3m) | - | - |
% profit margin | - | - | (167 %) | (93 %) | (100 %) | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
$100k | Grant | ||
$2.0m | Seed | ||
$7.5m | Series A | ||
* | $9.0m | Series A | |
€1.5m | Grant | ||
$20.0m | Series B | ||
€11.5m | Series B | ||
N/A | Series B | ||
$80.0m | Series C | ||
Total Funding | $133m |
Recent News about KONUX
EditKONUX is a startup that operates in the railway industry, leveraging artificial intelligence (AI) and Industrial Internet of Things (IIoT) technologies to improve the efficiency and reliability of railway systems. The company's primary product, KONUX Switch, uses these technologies to continuously monitor and analyze the health of signalling and track components, providing actionable insights to infrastructure managers. This allows for better maintenance planning, helping to anticipate failures before they occur and determine the optimal time and type of maintenance needed.
The company's innovative approach to maintenance, known as predictive maintenance, has proven to be highly effective. By monitoring the health of point machines, which are critical to the operation of trains and are often a source of delays, KONUX Switch can reduce switch failures by 50%. This not only reduces costly and disruptive delays but also extends the lifespan of the assets and reduces lifecycle costs.
KONUX's business model involves selling its AI and IIoT-based solutions to railway infrastructure managers and operators. The company makes money by providing these clients with the tools and insights they need to improve their operations and reduce costs. By enabling data-driven decision making, KONUX helps its clients realize smoother, more efficient rail operations.
The company's focus on user experience is also noteworthy. It has redesigned the user journey across the entire lifecycle of its product, ensuring that users have easy access to the right information at the right time, with the right level of detail. This user-centric design approach makes the insights provided by KONUX Switch even more actionable.
Keywords: Railway Industry, Artificial Intelligence, Industrial Internet of Things, Predictive Maintenance, Infrastructure Management, Point Machine Health Monitoring, Data-Driven Decision Making, User-Centric Design, Operational Efficiency, Cost Reduction.