Kinexon raises $130 million in funding led by Thomas H. Lee Partners

KINEXON, a leader in connected and automated processes, announced a successful $130 Million Series A fundraise. Thomas H. Lee Partners, LP led the round with co­investments from BMW i Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom's strategic investment fund KINEXON will leverage the investment to accelerate the development of its automation technology and to continue its expansion in North America and Europe.

Headquartered in Munich, Germany, KINEXON provides cloud software that captures, optimizes, and automates processes in manufacturing and logistics. The company's full Internet of Things stack product portfolio combines software with any sensors and connected devices, creating an end-to­ end solution for automation. KINEXON Industries' technology enables companies like BMW, Continental, Siemens, and Airbus to improve productivity as well as sustainability and reduce costs in manufacturing and logistics.

"Our vision is of a world in perfect flow. Wherever assets, people or operations are in motion, we can improve and automate the underlying processes,” says Dr. Oliver Trinchera, Co-Founder and Co-CEO of KINEXON. “The investment round will provide us with growth capital to scale and further expand our leading operating system for process automation. We also plan to expand geographically to meet the growing needs of our customers across the world."

"KINEXON has defined a new category within loT and orchestration software,” says Michael Kaczmarek, Managing Director at THL. “Its cloud platform can gather localization data in real time and translate it simultaneously into powerful actions for customers. We are excited to support co­founders Oliver Trinchera and Alexander Huttenbrink in scaling KINEXON and believe they have the vision and track record to define the future of automation technology in industry."

THL invested in KINEXON through both its flagship Fund IX and its Automation Fund, the private equity industry's first fund dedicated to automation-related businesses. Mr. Kaczmarek and Jim Carlisle, Managing Director and Head of THL's Automation Fund, will join KINEXON's Board of Directors alongside Michael Suls, Chairperson of the Oerlikon Board of Directors and former Member of the Siemens AG Managing Board, and Carl-Peter Forster, former member of the BMW Board of Management and former CEO of General Motors Europe and Tata Motors.