Sanno Capital has led a $80 million Series C funding round for KONUX, positioning the Munich-based AI scale-up as a leader in sustainable mobility solutions across Europe.

Information on the Target

KONUX is a leading German AI scale-up that is transforming rail transportation for a sustainable future. Founded in 2014, it specializes in developing software solutions that enhance the efficiency, reliability, and cost-effectiveness of rail travel through a unique combination of artificial intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT). With a self-developed core software platform and custom-designed sensors, KONUX provides Software-as-a-Service (SaaS) solutions that optimize operations, monitoring, and automation of maintenance processes in the railway sector.

The recent Series C funding round, led by impact investor Sanno Capital, secured KONUX $80 million, positioning the company as the leading AI scale-up in the sustainable mobility sector in Europe. The CEO, Andreas Kunze, has announced the creation of over 100 new job positions primarily in data science and software engineering, aimed at expanding the product portfolio and accelerating international expansion.

Industry Overview in Germany

The German transportation industry is undergoing significant transformation, driven by the need for sustainable practices in response to environmental concerns and the global push for greener technologies. Germany, being a leader in engineering and tec