Romanian Internet of Things startup gets financing from Deutsche Telekom hub in Poland

Romanian startup DeviceHub.net, which provides cloud services for the Internet of Things communication, received a EUR 80,000 funding from hub:raum Krakow, Deutsche Telekom’s Innovation Hub for the CEE region. The Romanian team will get money to develop their project, as well as support from the hub:raum Krakow mentors, and market access to 150 million Deutsche Telekom Group customers all over Europe, according to an announcement of Telekom Romania. DeviceHub.net is a cloud service for Internet of Things communication, which allows users to connect their real world devices to the internet and to monitor and analyse their activity and control them remotely. DeviceHub.net can be integrated with any kind of hardware and is specially designed for smart metering, fleet management, medical industry, home automation, IoT makers, automotive, wearables. Three young Romanian entrepreneurs created this project. Ionut Cotoi (left) is CEO and system engineer, Constantin Craciun (right) is the hardware engineer, and Cristina Bogateanu (center) is the business strategist. The Romanian startup won the 3rd edition of WARP turbo accelerator organised by hub:raum in December 2014, ahead of other projects from different European countries. “Our partnership with Deutsche Telekom represents a major strategic and development opportunity for the entire DeviceHub.net maker community and it is a solid foundation for our roadmap to becoming the go-to platform for the Internet of Things,“ said Ionut Cotoi, CEO at DeviceHub.net. DeviceHub.net is the second Romanian start-up which received financing from hub:raum, afterOmniPaste, which won a EUR 80,000 funding in 2013. Andrei Chirileasa, andrei@romania-insider.com