Relayr, a Boston-based tech firm has partnered with Hartford Steam Boiler Inspection and Insurance, a subsidiary of Munich Re, to create insurance products for internet of things (IoT) investments. The company is working on an IoT product that will help companies manage the risks associated with their investments in connected devices. As well as the new partnership, Munich Re is leading a $23m financing round for Relayr.
Relayr, a Boston-based tech firm has partnered with Hartford Steam Boiler Inspection and Insurance, a subsidiary of Munich Re, to create insurance products for internet of things (IoT) investments. Relayr offers a cloud platform and consulting services that allow IoT devices from various manufacturers to connect to one another. As well as the new partnership, Munich Re is leading a $23m financing round for Relayr.