Top
image credit: Unsplash

TeamViewer invests ‘double-digit millions’ in Industry 4.0 duo to drive AI/AR IoT offer

January 4, 2024

German enterprise group-comms software provider TeamViewer, which has featured prominently in remote collaboration and augmented reality (AR) use cases for early private cellular network deployments, has invested a “low double-digit million” euro sum into two separate Industry 4.0 solution providers: US-based industrial data platform Sight Machine and Germany-based industrial IoT company Cybus.

TeamViewer said the deals will “drive smart factory innovation” and the convergence of enterprise information and industrial production (operation) technologies (IT and OT), and set the company on the way to develop into a “leading enterprise software provider at the intersection of manufacturing infrastructure and IT systems as well as data analytics”. It said: “Investing in shop floor digitalization and factory connectivity is a logical next step for us.”

Read More on RCR Wireless News