Danish start-up Onomondo has announced that it has secured investment from Maersk Growth, the corporate venture arm of A.P. Moller-Maersk, to support the growth of the company’s internet of things (IoT) connectivity technologies.
Maersk will also become a user of the Onomondo connectivity system, as it looks to improve its ability to connect IoT devices connected to assets such as cranes, trucks, vessels and containers around the world.
“Onomondo is in the market with a proven technology that enables A.P. Moller-Maersk to more efficiently reap the benefits of digitising its global asset base,” said Sune Stilling, Head of Maersk Growth.
“We are impressed with the team and its progress so far. With our expertise and access we believe that Onomondo will further accelerate and scale the business in the next stages of its exciting journey.”
Onomondo is a global cellular operator for IoT connectivity, with its own network infrastructure implemented across 185 countries. This extensive reach was a significant point of interest for Maersk as it looks to introduce scalable integrated IoT systems across its fleet of over 700 vessels, which perform more than 90,000 port calls in 400 ports every year and handle over 12 million containers.
In addition, Maersk operates more than 70 container terminals around the world equipped with cranes, trucks and hardware that all rely on connections to the internet. “Connectivity is a key element in the A.P. Moller-Maersk strategy to simplify global supply chains and improve the customer experience,” said Klaus Bruun Egeberg, Head of Mobility and Connectivity,
