Meshify Acquired By HSB (Hartford Steam Boiler)
Oct 12 2016
Hartford Steam Boiler (HSB), part of Munich Re Group or Munich Reinsurance Company (a reinsurance company based in Munich, Germany.) has acquired Houston based end-to-end IIoT Platform provider Meshify.
Peter Röder, member of the Board of Management of Munich Re. “Meshify’s technical capabilities will help strengthen Munich Re’s leadership in responding to digital transformation and the disruption of insurance from IoT.”
+ Terms of the deal were not disclosed
+ The company was founded in 2012 by Lewis Wight and Dane Witbeck and had gone through the Surge Accelerator program,
+ Meshify had raised $1.35M in 3 rounds of previous financing (Most recent being a $1.3M Debt financiang round in June 2016)