Goppingen (DE) / San Francisco (US) / Hamburg (DE) – 13th December 2023 – TeamViewer®, a leading global provider of remote connectivity and workplace digitalization solutions, today announced strategic investments in two pioneering companies for smart factory solutions: Sight Machine and Cybus. With a total investment of a low double-digit million EUR amount, the company is strengthening its commitment to the digital transformation of industrial working environments and the convergence of Information and Operation Technology (IT & OT).
Investment in Sight Machine – Empowering data-driven manufacturing
Sight Machine, a US-based company and Microsoft partner, provides a manufacturing data platform that collects, structures, and analyzes data from manufacturing operations. It uses innovative AI applications to provide insights into areas such as quality control, system-level plant performance, and predictive maintenance, enabling data-driven decisions that vastly improve operating efficiency, sustainability and resilience. With its investment, TeamViewer becomes a major shareholder and part of Sight Machine’s Board of Directors. To further drive manufacturing efficiency in industrial environments, the two companies will collaborate on a joint product offering and go-to-market strategy.
Jon Sobel, Co-Founder and CEO at Sight Machine said: “We are excited to join forces to offer a combined solution with TeamViewer’s market leading remote connectivity. With its German and European roots, TeamViewer is closely tied to the regional manufacturing industry. This investment is testament to our shared commitment to harnessing the power of data to shape the future of smart factories.”
Investment in Cybus – Advancing industrial IoT solutions
Cybus, a German software company, specializes in industrial IoT solutions for large scale manufacturing environments. Cybus’ data hub collects, processes, and distributes industrial data, enabling seamless communication between heterogeneous devices, machines, and processes in the smart factory. It supports scalable configurations along multiple factory sites and is tailored for production-critical activities. Globally operating enterprises such as Liebherr and KRONE improve the efficiency and sustainability of their manufacturing processes with Cybus IoT solutions. As lead investor in Cybus’ current financing round and part of the advisory board, TeamViewer will actively collaborate and provide strategic guidance regarding the company’s development.
Peter Sorowka, CEO at Cybus, said: “Partnering with a global market leader like TeamViewer is instrumental in tackling the challenges of industrial digitalization. Together, we want to shape this transformation and improve manufacturing efficiency.”
Fostering the evolution of smart factory solutions
The investments in Sight Machine and Cybus pave the way for TeamViewer’s development into a leading enterprise software provider at the intersection of manufacturing infrastructure and IT systems as well as data analytics.
Oliver Steil, CEO at TeamViewer emphasized: “With our solutions, customers can access the broadest range of IT as well as embedded devices. This strength has led to our position as the de facto standard in remote connectivity. Additionally, we have developed into the frontline productivity space with Augmented Reality workflows. Therefore, investing in shop floor digitalization and factory connectivity is a logical next step for us. Together with Sight Machine and Cybus, we are going to further drive the evolution of smart factory solutions and position TeamViewer as a catalyst in shaping the future of industrial digitalization.”