On January 14, 2021, KONUX, a Munich-based AI scale-up, announced that it has successfully secured an $80 million Series C financing round, led by impact investor Sanno Capital. New to the round is technology investor Athos, the family office of the Struengmanns, who are also the largest BioNTech shareholder. Existing investors participated significantly in the round, including DIVC and New Enterprise Associates (NEA). NEA’s co-founder and former chairman, Dick Kramlich, also participated in the transaction. Wilson Sonsini Goodrich & Rosati advised KONUX on the fundraise.

Following this financing round, KONUX is the largest AI scale-up in Europe in the field of sustainable transportation. KONUX is building SaaS products, using IIoT devices and machine learning to improve railway network capacity, reliability, and cost efficiency. KONUX is already active in 10 countries, both in Europe and the most important rail markets in Asia.

The Wilson Sonsini team advising KONUX includes:

Corporate:
Jenn Knapp
Christina Poulsen
Kristen Stidham
Jennifer Gu

National Security/Regulatory:
Josh Gruenspecht

For more information, please see KONUX’s press release.