Hamburg, 5 June 2016. In order to prepare for the future market represented by Industry 4.0, electro-technology specialists Pfannenberg are providing Cybus, a new Hamburg-based company, with initial funding in the form of a six-figure sum. Thanks to this injection of funds, the start-up company will be able to concentrate fully on developing its Industrial Internet of Things solution. The Cybus software will allow manufacturers of industrial devices such as Pfannenberg to offer additional services including remote monitoring, firmware updates and preventative maintenance plus pay-per-use models on the basis of available machine and production data.
Pfannenberg CEO Andreas Pfannenberg said: "We have been completely persuaded by the abilities of the team and by the solution from Cybus which bridges the gap between the extremely high demands of industry and cutting-edge internet technology. It offers huge potential for the development of new services. Even as a well-established SME, we will be able to learn a lot from this project."
Cybus CEO Pierre Manière stated: "Apart from the investment itself, Pfannenberg represents a tremendous strategic gain for us. Its wide-ranging experience of the sector and our shared understanding of the importance of industrial solutions are of great benefit to us."