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Germany, December 15th, 2022
Datacake, the multi-purpose no-code IoT platform, has secured an investment of €650 000 from investors Cantaloupe and Predli. The funding will further develop Datacake's IoT platform, making it even more user-friendly to its rapidly growing international customer base.
The Short Story
Read a summary of our latest investment success
Datacake was founded in Germany in 2017 by Simon Kemper and Lukas Klein, as the world’s first network-agnostic IoT Platform. Datacake’s no-code cloud-based IoT platform offers flexible and customizable tools to help enterprises, developers, and startups quickly and easily connect, manage, and analyze data from their IoT devices.
Datacake’s organic growth has accelerated, with revenues tripling in 2020 and quadrupling in 2021. The Datacake platform currently handles more than 500 million events per month for 12 000 users with commercial deployments in more than 30 countries all over the world.
”We are excited to have two strategic investors on board to accelerate our international expansion and grow our network of partners” said Datacake co-founder and CEO Simon Kemper. Datacake co-founder, Lukas Klein, adds "This investment will allow us to improve the user experience further and continue delivering exceptional value to our customers"
Predli AB was introduced to Datacake when building IoT applications on the Helium network. “We analyzed & benchmarked all international IoT platforms and found that Datacake clearly stood out in terms of ease-of-use, speed and scalability” comments Predli’s CEO, Marcus Zethraeus ”Thanks to Datacake’s super flexible and intuitive dashboards, we saw no limits in use-cases we could build.”
Cantaloupe AB is the investment firm set up by four founders of Sinch, a global leader in cloud communications. Kristian Männik, Partner at Cantaloupe comments ”Datacake’s organic growth is amazing. We recognize the enormous potential in the IoT market and we are excited to back the Datacake team as long term investors.”
Our results in numbers
Datacake is a fast growing company in the Internet of Things space and is one of the top low code IoT platforms in the world. The following figures characterize the company's success.
Users signed up on the platform
Countries with commercial applications
Million events processed per month
In the business of connecting things